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Article: Van Global Hedge Fund Index Posts 3.7% Gain in May; Hedge Funds Continue 2003 Ascent, Now up 7% This Year.
- Article from:
- Business Wire
- Article date:
- June 5, 2003
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Business Editors
NASHVILLE, Tenn.--(BUSINESS WIRE)--June 5, 2003
According to a preliminary report issued today by Van Hedge Fund Advisors International, Inc. (VAN), a leading hedge fund advisory firm, the Van Global Hedge Fund Index rose 3.7% net of fees in May. The Index is one of the hedge fund industry's most long-standing performance benchmarks. VAN states that the preliminary May Index figure is based on early returns from approximately 280 hedge funds from around the world.
"Hedge funds enjoyed another month of benign markets in May and we're pleased to see that 88% of the net returns submitted to us so far are positive," remarked George ...