The firm’s main hedge fund index rose by 0.4 per cent during November, bringing the year-to-date increase to 2 per cent. Thirteen out of the 14 Lyxor strategy indices finished up on the month; Fixed Income Arbitrage led the pack posting a return of 1.2 per cent, followed by Long/Short Credit Arbitrage Index (up 1 per cent) and L/S Equity - Market Neutral Index (up 0.9 per cent).

The only index to post a loss was Short Term CTA, which fell by 1.76 per cent during the month, bringing the year-to-date loss to 4.21 per cent.

Lyxor notes a broadening of strategies participating in rising markets. “The top decile of funds on the Lyxor MAP are all up in double digit territory, and they belong to six different strategies. This is a remarkable change compared to last year, when computer-driven systems dominated the rankings,” Stefan Keller, head of managed account platform research and external relations at Lyxor said in a statement.