Hedge Funds
A stumble by CTAs helped trim broad hedge fund performance for the second week in a row, according to the Lyxor Asset Management’s most recent Weekly Brief, although fixed income managers generally outperformed.  In a repeat of last week’s result, Lyxor’s Hedge Fund Index dipped -0.3% for the week through March 21 and is now up 0.9% for the year to date. CTAs, which fell 1.6%, were hit primarily by long U.S. equity positioning while fixed income managers as tracked by Lyxor’s Fixed Income Broad Index benefitted from being long U.S. bonds and gained 0.4%, according to the research note. ...