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MSCI Hedge Fund Index Reports Loss For May

by Phillip Morton, Investors Offshore.com

17 June 2004

The MSCI Hedge Fund Composite Index was the latest index to report a negative performance for the month of May, with early indications showing a negative return of -0.6%.

The MSCI Hedge Fund Composite Index is comprised of five Process Group Indices, the MSCI Directional Trading (down 1.0%), Relative Value (down 0.4%), Security Selection (down 0.7%), Specialist Credit (flat for the month) and Multi-Process IndicesSM (down 0.4%).

However, year to date, the Hedge Fund Composite Index remain in positive territory, up 1.5%.

Meanwhile, The MSCI World Equity IndexSM increased by 0.9% in May while the MSCI World Sovereign Debt IndexSM rose by 0.8%.

The performance figures for May are based on the returns of the 58% of funds that have so far reported data.

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