Credit Suisse/Tremont hedge fund indices have now reported for May. They are reporting a 4.06% gain for the month, which they say is the best month for hedge funds since some time in 2000:
HFRX reported somewhat lower returns. HFRI is still to report. Most strategies did well apart from short bias. Managed futures were rather mediocre.
By the way, I just realised that my last post about the suit was my 1000th!
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