The Lyxor Hedge Fund Index was up 2 per cent last week amid a strong economic pulse worldwide, according to the latest Weekly Brief from Lyxor’s Cross Asset Research Team.

Global Macro managers outperformed thanks to their portfolios’ allocations to equities and FX. Their constructive views on EU and Japanese stocks fostered their returns, while short EUR & GBP and long MXN and RUB added to their profits.
 
CTAs delivered similar returns, boosted by trends in equities and energy. On the negative side, their long EURUSD shaved off part of gains.
 
L/S Equity funds performed thanks to their long books. European managers thrived from their cyclical tilt. Emerging Market funds were negatively impacted by their short holdings.