| The defensive positioning of hedge funds on the commodity complex has been rewarding as most hedge fund strategies are up in November and previous trends in FX and commodities continue unabated, according to Lyxor Asset Management’s Weekly Briefing. The renewed fall in commodity prices has triggered another leg down in energy stocks in November, Lyxor said.
Lyxor AM senior strategist Philippe Ferreira commented, "CTAs outperformed last week as a result of their aggressive short positioning on commodities. Their long fixed income positions also benefitted from the deflationary pressures arising from the fall in commodity prices. In that respect, it is interesting to note that CTAs are rapidly adjusting their long fixed income positions downwards..............................................Full Article: Source
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