Wed, Sep 28, 2016
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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style