Sun, Jan 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

GAM's commentary finds that August's light volumes saw asset prices drift down

Thursday, September 05, 2013

Beverly Chandler, Opalesque London:

GAM’s latest hedge funds’ Insight finds that asset prices drifted lower on seasonally light volumes during August. The firm writes that equities and bonds sold off, with the MSCI World index down 2.1% and the Barclays Global Aggregate Bond index down 0.5%, both in US dollar terms. Commodities gained in aggregate, led by energy and precious metals, while wheat and corn declined on the month. Hedge fund performance for August was negative as measured by the HFRX Global Hedge Fund index, which was down 0.8%, bringing year-to-date performance to 3.4%. Performance for each of the four main hedge fund strategy categories was negative between -0.2% and -1.7%, according to HFRX strategy index data.

Anthony Lawler, Portfolio Manager at GAM, said: "Volumes were light as expected during August and investors remained focused on the lingering issue of the timing and magnitude of Fed tapering. Given this focus, markets were volatile as investors assessed new growth-related data and expected central bank reactions to that data. Coming into August, managers were positive on US equities and the US dollar, and negative on China-related emerging markets growth plays. Most of these trades were choppy and did not produce much in August, with even emerging markets weakness being concentrated in a few specific countries rather than a broad sell-off."

Lawler stated that hedge fun......................

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