Hedge funds were up 0.4 per cent last week as measured by HFRX indices and are up 0.6 per cent so far in February, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Lyxor writes: “CTAs, which faced new difficulties since the beginning of 2019, outperformed during the period under review (up 1.3 per cent between February 13 and 20) on the back of their long European fixed income positioning. The strategy is up 0.5 per cent month-to-date and stands behind L/S Equity and Merger Arbitrage. However, alternative measures of CTA performance suggest they have done better so far in February. The SG Trend Index is up 1.8 per cent month-to-date (up to 20 February).
“On a negative note, L/S Equity Market Neutral strategies underperformed, both last week and month- to-date.”
