Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Asset Management said in its Weekly Briefing.

Global macro funds were up +0.9% during the same week and outperformed in September with +2.3%.