A newDow Jones Credit Suisse Hedge Fund Indexmonthly commentary offers insight into May hedge fund performance. Some key findings from the report include:

• The Dow Jones Credit Suisse Hedge Fund Index posted negative performance in May, finishing down -0.96%, with three out of ten strategies posting positive performance for the month.

• Dedicated Short Bias was the best performing sector in May. The strategy gained 2.20% as managers capitalized on negative momentum across the equity space.

• Long/Short Equity funds posted negative performance of -1.68% for the month, but still outperformed long-only benchmarks on both a relative and net exposure-adjusted basis.

• Managed Futures reversed from its positive performance in April when it posted a gain of 5.40% and fell in May posting a loss of -4.44% after a pullback in commodities.