Lyxor Peer Groups suggest hedge fund performance was flat mid-June. Equity-related strategies underperformed and CTA/ Market Neutral L/S outperformed due to the brief risk-off episode on June 11 when the S&P 500 fell -5.9% in a day.

"On a month-to-date basis, L/S Credit strategies were up by +2.2%. This is a strategy that we upgraded to Overweight on the back of i