The Lyxor Hedge Fund Index has reported a negative performance of -2.15 per cent in June and a year to date performance of -1.85 per cent.

The only positive performing index in June was the Lyxor L/S Equity Short Bias, which gained 1.12 per cent. The strategy of the L/S Equity Short Bias fund predominantly involves buying equities and equity derivatives that the firm predicts will appreciate and selling those that are predicted to depreciate, while the overall stance of the fund maintains a net short exposure to the equity market. 

Ironically the Lyxor L/S Equity Short Bias Index’s comparative performance for the month stands in great contrast to its performance for the year to date, as this index has decreased by 15.61 per cent overall for the six month period from the end of 2010 until 30 June 2011, and is by far the worst performing index for that period. The second worst performer for the year to date was the Lyxor CTA Long Term Index, which fell by 5.87 per cent.

The Lyxor Top Ten Index, which aims to assess the performance of the largest Lyxor hedge funds by assets under management, decreased by 2.96 per cent in June and 2.7 per cent over the year to date.

Lyxor Asset Management, a subsidiary of Société Générale, had €93 billion ($132 billion) assets under management at 31 May 2011.