Thu, Dec 8, 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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released