Thu, Oct 2, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

A good week for hedge funds and CTAs, investors to maintain or increase allocations

Thursday, August 28, 2014

Komfie Manalo, Opalesque Asia:

Most hedge funds and CTAs posted positive returns last week as the markets started their rebound and progressively recouped their losses after a challenging beginning in August on the back of higher risk aversion. Easing of geopolitical tension in Iraq and Ukraine fueled renewed investor appetite for risk, said Lyxor Asset Management in its weekly briefing.

According to the briefing, the amplitude of the rebound was however capped by a weaker global macro momentum: a flat and disappointing dynamic in EU, a probable peak in U.S. and the fragilities of the Japan recovery, keeping risk assets under pressure.

Lyxor AM head of research Philippe Ferreira commented, "In this context, Hedge Funds which are overall still long risk, behaved as expected by recovering from the three previous difficult weeks. The Lyxor Hedge Funds Index is up 1.2% this week, back to positive territory on a year to date basis."

At a strategy level, Long Term CTA is the best strategy this week, posting a performance of +3.0%. It was a perfect week as gains came from all of their buckets: long Equities, long Rates, short Energy and short EUR/USD.

Event Driven funds also performed well with Merger Arbitrage index up 1.6% and Special Situation Index up 1.8% this week. Despite the troubled past several weeks and the termination of several large deals, reinforced hedges limited part of the losses.......................

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