Schonfeld Strategic Partners fund returns 2.6% in May, says source

- Schonfeld's flagship Strategic Partners fund returned 2.6% in May and is now up 5.7% in the year so far, a source familiar with the matter told Reuters on Wednesday.

The hedge fund, which manages over $19 billion in assets, also gained 3.4% in May in its Schonfeld Fundamental Equities fund, finishing the month with a 8.4% return for the year so far.

The hedge funds returns were inline and slightly above those made in April.

As a multi-strategy fund, Schonfeld is able to invest in different asset classes worldwide.