Lyxor Notices "Non-Consensual Patterns" In Hedge Fund Returns

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…