At least, they are outdoing their last-year selves. Which isn’t much to celebrate, but, what the hell? Go on. Celebrate.
After lagging this bull market for six years, hedge funds are turning the tide in 2015, posting a gain of 5.4 percent through May compared with a return of 4.6 percent in all of 2014, according to Prequin, a research firm covering the alternative asset industry.
The S&P 500 was up 2.4 percent in the first five of months of 2015.