Arbitrage

CalPERS decided to end its hedge fund program, Absolute Return Strategies (ARS), in September of 2014. The matter was widely covered in the media and drew considerable attention at the time. As CalPERS indicated very clearly at that time, program performance was not a key driver of the decision.

The Lyxor Hedge Fund Index was he Lyxor Hedge Fund Index was he Lyxor Hedge Fund Index was up+0.7% in November November. 4 out of 11 Lyxor Indices ended the month in positive territory. The Lyxor CTA Long Term Index (+3.6%), the Lyxor Global Macro Index (+1.8%), and the Lyxor LS Equity Variable Bias Index (+1.2%) were the best performers.

Pictet Asset Management has expanded its Total Return fund range with the launch of PTR-Phoenix, an equity market neutral fund investing in Asia.

The Lyxor he Lyxor he LyxorHedge Fund Index was Hedge Fund Index was Hedge Fund Index was up+1.1% in October October October. 8 out of 11 Lyxor Indices ended the month in positive territory. The Lyxor LS Equity Long Bias Index (+4.5%), the Lyxor Special Situations Index (+3.5%) and the Lyxor Global Macro Index (+2.1%) were the best performers.

The Lyxor Hedge Fund Index was up +1.3% in July. 8 out of 12 Lyxor Indices ended the month in positive territory, led by the Lyxor CTA Long Term Index (+4.6%), the Lyxor Global Macro Index (+2.6%), and the Lyxor Variable Bias Index (+2.3%).