It was the last two weeks of December that saved hedge fund’s December performance, a Lyxor Managed Account Platform brief says, while noting that managed futures CTAs were again the best performers, “remaking patterns observed through 2014.” Lyxor notes event driven funds disappointed in December The big hedge fund winners in December, however, were event driven funds like that of Bill Ackman’s Pershing Square. But December and Ackman aside, event driven funds Lyxor tracked “disappointed” with -2.3 percent yearly performance. While the report didn’t say it, the issue with smaller event driven funds in the activist category is they don’t have…
Lyxor Notices "Non-Consensual Patterns" In Hedge Fund Returns
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.