Lyxor: Hedge Funds Add 0.33% In May

Jun 10 2013 | 9:30am ET

Hedge funds posted modest gains last month, as stocks continued to soar.

The Lyxor Hedge Fund Index rose 0.33% in May, far behind the Standard & Poor's 500 Index's jump of about 2%. The hedge fund benchmark is up just 3.53%, compared to the S&P500's roughly 16%.

"The economic data strengthened significantly starting with the U.S. April nonfarm payrolls report in the beginning of May," Lyxor wrote. "Risk assets generally rallied in May but the bigger theme was the sharp rotation out of defensive sectors and assets into those with a more cyclical tilt."

Special-situations funds did best in May, rising 3.05%. Long-bias funds rode the market rally to a 1.66% return on the month, while merger arbitrage funds added 1.53%.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

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

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of