Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

All Lyxor indices in positive territory for October; Lyxor Hedge Fund Index up 1.58% for month, 4.8% ytd

Tuesday, November 12, 2013

Beverly Chandler, Opalesque London:

Lyxor reports that all the Lyxor Strategy Indices ended the month of October in positive territory, led by the CTA Long Term (+4.03%), the L/S Equity Market Neutral (+1.77%) and the L/S Equity Long Bias (+1.63%). The Lyxor Hedge Fund Index posted a positive performance of 1.58% in October (+4.80% YTD).

"Markets remain driven by central banks largesse despite signals of economic recovery. High beta strategies have delivered and hedge fund managers are positioned to benefit from it" says Philippe Ferreira, Head of Research and External Relations at Lyxor AM Managed Account Platform. The firm writes that hedge funds were helped by rising asset prices and delivered solid results. Strategies exposed to equities performed the best. The median exposure to equities of all hedge funds remained at the top of the range at 33%, suggesting that managers remain constructive.

Equity strategies generated strong performance with Lyxor’s L/S Equity Long bias up 1.6% in October (13% YTD). "The managers benefited from the high net exposure to equities (73%). L/S Equity Variable bias managers were up 1.6%; with a net exposure at the end of October at 36%. Sector positioning in US equities increased on financials, communication and materials and decreased on Consumer Staples. In Europe, the biggest increase in net exposure was in Communications while net exposure decreased in Industrials and Consumer Staple......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1