The Hennessee Hedge Fund Index increased +0.43% for the month (+5.70% YTD), while the S&P 500 was up +1.79% (+13.06% YTD), the Dow Jones Industrial Average increased +0.05% (+11.16% YTD), and the NASDAQ Composite Index gained +6.18% (+20.53% YTD). Bonds were positive for the month, as the Barclays Aggregate Bond Index increased by +1.92% (+2.94% YTD). The top three strategies for the month were Healthcare and Biotech (+1.92%), Asia Pacific (+1.83%) and Technology (+1.70%). While, the bottom three strategies for the month were Emerging Markets (-1.23%), Short Biased (-1.15%) and Latin America (+0.79%).