Thu, Oct 2, 2014
A A A
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

Banner

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. Legal - Court throws out lawsuits related to Fannie Mae, Freddie Mac profits, Insider case by SEC is a step removed from Herbalife itself, SEC grants Citigroup waivers, easing hedge-fund curbs[more]

    Court throws out lawsuits related to Fannie Mae, Freddie Mac profits From WSJ.com: A group of Wall Street investors on Tuesday suffered a blow in their attempts to sue the federal government over their treatment of the shareholders of mortgage finance giants Fannie Mae and Freddie Mac af

  2. Launches - Goldman Sachs Asset Management launches GS Long Short Fund, Western & Southern launching international hedge fund, Lansdowne Partners plans energy hedge fund, RBC Global Asset Management launches new RBC Funds (Lux) - Asia Ex-Japan Fund, PVE Capital latest credit strategy to launch on the Sciens managed account platform[more]

    Goldman Sachs Asset Management launches GS Long Short Fund From Marketwatch.com: Goldman Sachs Asset Management has announced the launch of the Goldman Sachs Long Short Fund, which pursues high conviction investment ideas in global equity markets through a fundamental, bottom-up approach

  3. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is

  4. Opalesque Exclusive: Institutions eye private credit over traditional fixed income[more]

    Bailey McCann, Opalesque New York: Investing in private insurance, realty tax receivables, or investment-grade short-term accounts receivable may not spring to mind as a means of mitigating risk in a portfolio, but one firm, New York-based BroadRiver Asset Management is out to change all that. Th

  5. Short-term trading quant fund beats S&P since '09[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A relatively new multi-strategy, market-neutral quantitative hedge fund has managed to outperform the S&P500 and the HFRX Global since 2009. New Jersey-ba