10 out of 13 Lyxor Indices ended the month of November in positive territory, led by the CTA Long Term Index (+4.2%), the L/S Equity Market Neutral Index (+1.7%) and the CTA Short Term Index (+1.6%). The Lyxor Hedge Fund Index posted a positive performance close to 1% in November (+5.8% YTD).

Fitch Ratings says in a new report that absolute return funds' performance has improved with over 70% of funds posting positive performance in 2012 and 2013, supported by more favourable market conditions. Returns have showed low volatility but have not always been independent of market conditions, notably volatility and correlation.

The California Public Employees' Retirement System (CalPERS) today reported a 12.5 percent return on investments for the 12 months that ended June 30, 2013, outperforming its benchmark by 1.5 percentage points. CalPERS assets at the end of the fiscal year stood at more than $257.8 billion.

The remainder of 2013 is setting up for further gains and hedge funds are positioned to take advantage of the opportunities. The US economy is expanding steadily and growth will likely accelerate in the 2nd half of the year as fiscal restraint wears off.

All Lyxor Indices ended the month of June in negative territory, worst index performers were the CTA Long Term (?2.64%), the Lyxor Long/Short Equity Market Neutral Index (?2.45%) and the Long/Short Equity Credit Arbitrage Index (?2.40%).