The Prodigal Absolute Cayman Fund gained +6.25% in May and is up +26.37% for 2009. The Fund has not posted a negative return since October 2008.
1 yr return: +0.36%. Annual (May 2007): +4.48%
The Fund recorded positive performances across most strategies, especially convertible arbitrage which has been the strongest performer for the Fund for the past six months. The risk arbitrage portfolio, which has been negative in recent months, and model trading also contributed positive returns in May. At month end the Fund was 80% invested, mostly in model trading (40%) and convertible arbitrage (32%). All returns are subject to confirmation by the administrator.
