Thu, Oct 2, 2014
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

Banner

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. Legal - Court throws out lawsuits related to Fannie Mae, Freddie Mac profits, Insider case by SEC is a step removed from Herbalife itself, SEC grants Citigroup waivers, easing hedge-fund curbs[more]

    Court throws out lawsuits related to Fannie Mae, Freddie Mac profits From WSJ.com: A group of Wall Street investors on Tuesday suffered a blow in their attempts to sue the federal government over their treatment of the shareholders of mortgage finance giants Fannie Mae and Freddie Mac af

  2. Launches - Goldman Sachs Asset Management launches GS Long Short Fund, Western & Southern launching international hedge fund, Lansdowne Partners plans energy hedge fund, RBC Global Asset Management launches new RBC Funds (Lux) - Asia Ex-Japan Fund, PVE Capital latest credit strategy to launch on the Sciens managed account platform[more]

    Goldman Sachs Asset Management launches GS Long Short Fund From Marketwatch.com: Goldman Sachs Asset Management has announced the launch of the Goldman Sachs Long Short Fund, which pursues high conviction investment ideas in global equity markets through a fundamental, bottom-up approach

  3. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is

  4. Opalesque Exclusive: Institutions eye private credit over traditional fixed income[more]

    Bailey McCann, Opalesque New York: Investing in private insurance, realty tax receivables, or investment-grade short-term accounts receivable may not spring to mind as a means of mitigating risk in a portfolio, but one firm, New York-based BroadRiver Asset Management is out to change all that. Th

  5. Short-term trading quant fund beats S&P since '09[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A relatively new multi-strategy, market-neutral quantitative hedge fund has managed to outperform the S&P500 and the HFRX Global since 2009. New Jersey-ba