Arbitrage

Preqin launches its second annual Alternatives in Europe report in partnership with Amundi, which examines the alternative assets industry’s most diverse region, and for the first time provides a breakdown of the sector in each major European country.

Systematic Global Macro and CTAs are often associated because many strategies are multi-asset, global, and have a top down investment process. Benchmark indices tend to pool them together.

EM-focused Global Macro strategies also outperformed other hedge fund strategies since the beginning of the market turmoil. They managed to deliver slightly positive returns in May according to the Lyxor UCITS Peer Group.

For the second month in a row, CTAs outperformed hedge fund strategies in April. According to the Lyxor CTA peer group, the strategy was up +1.6% in April, which brings the year-to-date performance close to +5%.

Despite the mixed signals at the level of individual countries, the rally in risk assets continues unabated on the back of improving economic prospects and looser monetary conditions. In the hedge fund space, CTAs’ winning streak continues (+1.1% last week according to the Lyxor CTA UCITS peer group).