Lyxor: Hedge Funds Shed 0.55% In May

Jun 19 2012 | 2:04pm ET

Hedge funds fell in May, with more than one-third of strategies in the red.

The Lyxor Hedge Fund Index lost 0.55% last month, cutting its year-to-date performance to 0.96%. Just five of the 14 strategies tracked by Lyxor gained ground in May.

Among those that managed the feat as stocks sank were commodity trading advisors, both short-term (5.35% in May, 1.84% year-to-date) and long-term (2.21%, 0.98% YTD). Distressed securities also did well, rising 0.61%. Statistical arbitrage funds also rose in May, while equity market neutral was flat.

On the other hand, long-bias equity funds dropped 4.05%, special situations 2.75%, long/short credit 2.45%, variable bias long/short equity 1.84% and merger arbitrage 0.37%.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...