CTAs Lag As Most Hedge Funds Stumble On Asian Market Dip

Hedge fund performance hit a speed bump last week, led by CTAs, who struggled with a shifting equity market environment and continued stagnation in certain commodity and foreign and exchange markets, according to a Lyxor Managed Account Platform report dated June 12.

Hedge fund performance hit by "renewed tensions," as CTAs of multiple time horizons can't escape poor market price persistence

As equity and bond market “experienced renewed tensions,” hedge funds with sizable long exposure to European equities were hit, as the Lyxor Hedge Fund index was down 1.2 percent on the week. While this may seem like a significant drop – and it is – the stock market benchmarks during this period took a more sustained hit. The Eurostoxx...