If you had judged April and May for hedge funds by the popular press, you would have thought the sky was falling in.
Unconfirmed rumours that a gargantuan hedge fund had collapsed, and that others were on the verge, were proven false. Yes, some funds did have a rough time. However, by and large, flat performance or falls of maybe 2%-3% were the order of the day, despite the storm in a tea cup.
As the performance of the winners of our annual European Performance Awards for single-manager hedge