A rebound in global risk assets buoyed by signs of economic growth, steady U.S. yields and a calm dollar failed to push hedge funds up from the week covering 16 May to 23. The Lyxor Hedge Fund Index was down -0.8% during the period (+0.8% YTD), with global macro and CTAs underperforming.

In its latest Weekly Briefing, Lyxor Asset Management said that within C