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Global financial markets posted mixed performance in May, as many countries & economies began to emerge from the pandemic quarantine and inflationary pressures began to arise. Global equity markets were also mixed with gains in large cap and Energy sectors offset by weakness in Technology; European and Asian equities also gained. US interest rates were basically unchanged while inflationary pressures increased, the US dollar declined. Energy & Metals commodity gains were led by Gold, Silver and Oil.
The HFRI-I Liquid Alternative UCITS Index posted a gain of +0.49% in May.

HFRI-I Equity Hedge Index gained +0.39%
HFRI-I Event Driven Index gained +0.22%
HFRI-I Macro Index gained +0.84%
HFRI-I Relative Value Arbitrage Index posted a gain of +0.40%

Comments reference performance as of May 31, 2021