Tue, Oct 25, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Lyxor reports just three out of 13 hedge fund strategies end August in positive territory

Monday, September 09, 2013

Beverly Chandler, Opalesque London:

Lyxor reports that just three of their 13 strategies ended the month of August in positive territory, led by the L/S Credit Arbitrage (+0.51%), the Convertible Bonds Arbitrage Index (+0.26%) and the Event Driven – Merger Arbitrage Index (+0.04%). The Lyxor Hedge Fund Index posted a negative performance of -1.13% in August (+2.02% YTD).

The firm writes: "Hedge Funds lost ground in August but many alternative strategies held up well despite increased volatility across asset classes. Risk premium increased notably as investors debated the size and pace of the Fed’s tapering, considered the softening fundamentals in emerging markets and assessed the geopolitical risks in the Middle East. However many managers, especially on the equity side, entered the month with reduced risk given the strong run of assets YTD and "known known" risks in September. Overall Hedge Fund beta remained mostly steady in August at 0.27. The Lyxor Hedge Fund Index in August was down 1.13% but compares favorably with other assets."

Looking at each strategy, Lyxor reports that managers in the Long/Short equity segment had modest negative draw-downs of between 1% and 2%. The firm writes: "Long bias funds generated a -1.02% return in August while the less directional funds didn’t fare better. For example, Variable Bias funds were down 1.91% and Neutral Bias funds also slightly declined 0.95%. The performance of ......................

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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From Thisismoney.co.uk: The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From CNBC.com: Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Marketwatch.com: Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Forbes.com: Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa