YTD End of May Results: DBLTX.....+2.49% HFRX Global Macro Hedge Funds.....+2.10% JUCIX.....+1.50% Barclays Long/Short Global Hedge Funds.....+.60% Sea Wolf.....(.30)% ASAIX.....(1.37)% QGMIX.....(5.50)% Crescat Global Macro.....(5.8)% / lone month lag Horseman Global.....(10.2)% / one month lag Sea Wolf has been treading water all year long, but is closer to the leaders than to the trailers.