Tue, Jan 17, 2017
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

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. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Hedge funds gain across strategies in December, outperform MSCI to close at record index level in 2016[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted gains across all strategies in December to conclude 2016, with the HFRI Fund Weighted Composite Index (FWC) rising to a record index value level as oil prices surged, equities gained and U.S. interest rates increased into year end, accordin

  4. Performance - BlackRock's robot stock-pickers post record losses, Soros-backed fund Glen Point loses in first trading year, Regal Funds Management: Bleak year as returns in key funds plunge 25pc, Elm Ridge Capital up 25% in 2016[more]

    BlackRock's robot stock-pickers post record losses From Bloomberg.com: Like so many fund titans these days, Laurence D. Fink is betting on machines to turn around BlackRock Inc.'s beleaguered stock-picking business. Trouble is, they just might have made things worse. BlackRock

  5. Eurekahedge Hedge Fund Index up 1.01% in December (+4.48% YTD)[more]

    Hedge funds gained 1.01% during the month of December, with 2016 returns coming in at 4.48%. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 2.38% in December with its 2016 returns coming in at 7.37%. North American equity markets traded higher in December as t