Thu, Aug 24, 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. Opalesque Exclusive: Altegris and Artivest partner on distribution for alternative funds suite[more]

    Bailey McCann, Opalesque New York: California-based investment firm Altegris has partnered with New York-based alternative investments platform Artivest on distribution for $1 billion in alternative funds. The partnership also launches Artivest's capabilities to offer alternative solutions to acc

  2. Investing - Buffett's Berkshire Hathaway will not increase its Oncor offer, Travel-tilting hedge funds are investing in airlines and online travel agencies[more]

    Buffett's Berkshire Hathaway will not increase its Oncor offer From Reuters.com: The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase it

  3. Investing - David Tepper sells airline stocks, except Delta[more]

    From Forbes.com: Head of successful hedge fund Appaloosa Management, David Tepper shied away from airlines in the second quarter after upping his bets in the first three months of the year, according to his portfolio filing released this week. Tepper sold all of his position in United Continen

  4. Opalesque Exclusive: Update: Emerging long-biased hedge fund expands coverage[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Left Brain Capital Management, which manages Left Brain Capital Appreciation Fund

  5. Investing - Silchester International Investors buys 5% stake in bookie William Hill, Hedge funds split over Microsoft, Top hedge funds are bullish on these 3 mega-cap stocks, Hedge funds betting demise in small-cap stocks will get worse[more]

    Silchester International Investors buys 5% stake in bookie William Hill From Thisismoney.co.uk: A leading investment fund has put its cash behind under-pressure William Hill. Mayfair-based Silchester International Investors has bought 5 per cent of the bookmaker's stock - which has almos