Tuesday, 27 September 2016
Last updated 49 min ago
Jul 10 2014 | 6:14am ET
Hedge funds inched up during a highly mixed June, according to the Lyxor Hedge Fund Index.
The benchmark rose 0.7% last month, nearly doubling its year-to-date performance to 1.6%. But that only serves to underline how badly hedge funds have done compared to the broader markets, with the Standard & Poor’s 500 Index, which rose more in June than the Lyxor index did in the first half, and which is up over 6% on the year.
In June, seven of Lyxor’s 12 strategy indices were in the black, led by merger arbitrage (1.7%), special situations (1.7%) and equity market neutral (1.4%).