Tue, Apr 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Lyxor Hedge Fund Index posted a 1.63% loss in June, up 1.85% year to date

Monday, July 08, 2013

Beverly Chandler, Opalesque London:

Lyxor reports that all Lyxor Indices ended the month of June in negative territory, with the worst index performers the CTA Long Term (−2.64%), the Lyxor Long/Short Equity Market Neutral Index (−2.45%) and the Long/Short Equity Credit Arbitrage Index (−2.40%). As a result, the Lyxor Hedge Fund Index posted a negative performance at -1.63% in June but is in positive territory at the end of the first half of 2013, up 1.85% year to date.

The firm writes that hedge fund performance in June was hurt by de-risking and a re-pricing of all assets due to higher bond yields. Most asset classes declined in value and hedge funds were hurt by a lack of safe haven and higher correlation among assets.

Lyxor feels that the bulk of the bond yields re-pricing might be finished. "Though higher yields over the next 12 months remain a distinct probability, few market participants expect bond yields to increase by the same sharp pace as in June."

Beyond that, investing in emerging markets proved difficult in June as the entire asset class sold off on the back of the rate funding spike in China. "This funding spike was temporary and might recede as the authorities in China find a balance between curtailing credit growth and keeping financial markets functioning smoothly. According to managers on the Lyxor Managed Account Platform, the dislocation in asset prices in June represents a......................

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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner