As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 1 hour ago
Jan 11 2013 | 11:34am ET
That most pessimistic of all hedge fund indices has returned its verdict on 2012, and it is predictably bleak.
The Lyxor Hedge Fund Index returned just 3.1% last year. While no hedge fund index has come close to the Standard & Poor's 500 Index's nearly 16% return, most have been in the 5% to 7% range for last year.
Lyxor's December number, a 1.1% return, was more in line with that posted by other industry benchmarks.
Eleven of Lyxor's 14 strategy indices were up last year, led by long/short credit arbitrage (12.1%), long-bias equity (11.2%) and fixed-income arbitrage (10.5%).