Fri, Jan 20, 2017
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. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised