Lyxor: Hedge Funds Down 0.59% In June

Jul 12 2010 | 8:47am ET

Hedge funds fell in June, according to the Lyxor Hedge Fund Index, but not as much as many benchmarks show.

The Lyxor index dropped 0.59% last month. Unlike several of its hedge fund index brethren, the Lyxor index is still up year-to-date, if only barely at 0.09%.

As with other hedge fund indices, the strongest strategy tracked by Lyxor was short-bias, which jumped 1.88% amidst volatile equity markets. Distressed securities funds added an average of 1.49%, while fixed-income arbitrage funds rose 1.27%.

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