Fri, Jul 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Lyxor’s hedge fund indices show impact of difficult June on performance

Friday, July 13, 2012

Beverly Chandler, Opalesque London: Despite a difficult month for many hedge fund strategies, The Lyxor Hedge Fund Index still reported positive returns for the year at the end of June. June itself showed a slightly negative performance of -0.47% during that month, leaving the year to date figure at a gain of 0.49% in 2012.

Of the 14 Lyxor Strategy Indices, seven showed positive returns, led by Lyxor Fixed Income Arbitrage (+1.97%) and Lyxor L/S Equity Long Bias (+1.95%).

The firm writes that amid volatility above its 2012 average, hedge fund strategies posted mixed performance in June. "Over the last two months however, the outperformance of the hedge fund space over world equity markets has been significant. The MSCI World Index dropped by 4.5% while the Lyxor Hedge fund Index fell by 1%".

Lyxor believes that hedge funds’ resilience can be traced back to historically low net exposure on equities. "From an aggregated perspective, net equity exposures across all strategies are flirting with the lows reached beginning of 2009" they write. "As a consequence, volatility in Hedge Fund returns is also close to historical lows, both from an absolute and a relative (vs. equity markets) standpoint. Hedge Funds thus continue to deliver an attractive risk adjusted returns profile".

Strategies that performed well in June include credit and fixed income related strategies which again offered decorrelated returns. "Even th......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner