Fri, May 6, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Lyxor hedge fund index up 1.13% in September, +3.17% year to date

Tuesday, October 08, 2013

Beverly Chandler, Opalesque London:

Rob Koyfman, Senior Strategist at Lyxor AM commented: "Funds have generally increased their risk exposure through September with a positive view of risk assets and to benefit from any year-end rally." He was reporting on the news that 10 Lyxor Strategy Indices out of 13 ended the month of September in positive territory, led by the L/S Equity – Variable Bias (+2.28%), the L/S Equity – Long Bias (+1.99%) and the Event Driven – Special Situations Index (+1.95%).

The firm writes that hedge funds generated solid performance in September as assets rallied post reduced Syria tensions and a dovish Fed. The Lyxor Hedge Fund Index was up 1.13% while the HFRX Index was up 1.0%. The average equity beta of funds increased to 31% from 24% over the course of the month as managers added to risk exposure. The firm writes that funds have generally increased their risk exposure through September with a positive view of risk assets and to benefit from any year-end rally.

Equity strategies generally did well as the S&P 500 was up close to 4%. L/S Equity Long Bias was up 1.99%, approximately as expected by the beta exposure. However, Long Bias managers reduced risk with net exposure down 13% to 66%. Gross exposure remained steady at 135% as reduced long positions were offset by higher short positions. L/S Equity Variable Bias gained 2.28% and was the best performing equity sub-strategy. Variable fu......................

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. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n

  2. Opalesque Exclusive: Hedge fund talent, fees take a hit at the Milken Global Conference[more]

    Bailey McCann, Opalesque New York: It's been a rough year for hedge funds and now, even other managers are panning them. "Frankly, I’m blown away by the lack of talent," was Point 72 CEO Steven Cohen's assessment of trying to find candidates to hire in the investment business at a panel o

  3. Hedge funds fell in April as alternative UCITS surge in Europe[more]

    Komfie Manalo, Opalesque Asia: Hedge funds shed more in April with the Lyxor Hedge Fund Index down 0.9% during the month (-2.8% YTD), but there was some good news with alternative UCITS showing strong inflows in Europe. In its Weekly Briefing, Lyxo

  4. Global hedge funds recover in April on resurging energy commodities[more]

    Komfie Manalo, Opalesque Asia: Global hedge funds recovered in April with the HFRX Global Hedge Fund Index gaining +0.41% last month (-1.47% YTD), while the HFRX Market Directional Index gained +5.31% during the same

  5. AIG lost $349m in hedge fund portfolio in Q1[more]

    Komfie Manalo, Opalesque Asia: Large US insurance group AIG lost a net $183m for the first quarter 2016, year-on-year. The group blames the loss on the impact of market volatility on investments, as well as net realised capital losses and restructuring costs. Its hedge fund portfolio made a n