Thu, Jan 19, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Lyxor reports positive 1.32% for July, 3.19% year to date

Tuesday, August 13, 2013

Beverly Chandler, Opalesque London:

Lyxor’s flash report for July shows that 11 of the Lyxor Strategy Indices, out of 14, ended the month of July in positive territory, led by the L/S Equity - Long Bias (+3.08%), the Event Driven - Special Situation Index (+2.63%) and the Event Driven - Distressed Index (+2.09%). The Lyxor Hedge Fund Index posted a positive performance of +1.32% in July (+3.19% YTD).

Lyxor writes: "Financial assets recovered after the painful sell-off in June and hedge funds posted solid results in July. The robust performance was a welcome reversal from the 3.6% loss hedge funds suffered last month, which marked one of the toughest months since 2011. Several factors contributed to a more normalized trading environment, which helped performance. These include a stabilization of US rates, support for growth from China’s authorities and solid earnings in the US vs. expectations. Hedge funds cut beta to a year low of 18 end of June (median equity beta of the Lyxor platform). As markets stabilized and hedge funds became more bullish, beta increased to 22 by mid-July. Despite the increase, hedge fund beta is still below the 36% reached in May, suggesting a relative degree of caution."

Looking specifically at Long/Short Equity funds, Lyxor found that they gained thanks to both positive beta exposure to the market and increased dispersion among stocks and indexes. L/S Equity Long Bias was the best catego......................

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. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  2. 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

  3. Short Selling - Long-short hedge funds are ditching the shorts to focus on longs[more]

    From Bloomberg.com: What happens when you take the "short" out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG s

  4. 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

  5. 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