Hedge funds were down from the week covering August 8 to 15, with the Lyxor Hedge Fund Index down -0.6% during the period (0.0% YTD). Lyxor Asset Management said that global macro funds underperformed, though returns were dispersed. Though exposures to rates and equities usually cost, they recorded gains in FX.

Jean-Baptiste Berthon, Lyxor AM senior strategist