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%.

In a context where rising trade uncertainties have interrupted the rally in risk assets, L/S Credit strategies have been resilient in May so far. Such resiliency took place despite a widening in High Yield (HY) credit spreads, by approximately +35bps both in Euro and in USD...

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%.