Hegde funds down 1.8%in May, says Lyxor |
Date: Friday, June 10, 2011
Author: Wendy Chothia, HedgeWeek
The Lyxor Hedge Fund Index was down 1.80% in May. Year-to-date performance as of May 2011 is up 0.30%. The month of May was quite volatile and negative for the majority of Hedge Fund strategies.
The top performing strategies year-to-date are Lyxor L/S Equity Market Neutral (+3.52%), Lyxor Merger Arbitrage Index (+3.02%), and Lyxor L/S Equity Variable Bias Index (+3.00%).
The Lyxor Hedge Fund indices are investable, asset-weighted indices, designed to offer investors straightforward access to hedge fund performance. The indices are based on Lyxor’s managed account platform that covers all the major hedge fund strategies and benefits from a high level of transparency and risk control, while ensuring weekly liquidity. The Lyxor Hedge Fund Index range comprises 17 indices ranging from global to strategy and thematic indices. The Lyxor Hedge Fund Index (Global Index) reflects the average performance of all 14 strategy indices, thereby offering direct exposure to the global hedge fund universe.
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