Sat, Sep 24, 2016
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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco

  5. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L