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

Investors show renewed interest in CTAs as hedge funds continue buoyant performance

Tuesday, March 10, 2015

Komfie Manalo, Opalesque Asia:

Investors have shown renewed interest in CTAs in sharp contrast to 2014 when the strategy experienced outflows despite stellar performance, said Lyxor Asset Management in its Weekly Briefing.

At the same time, Lyxor noted that in the first week of March, the buoyant performance of hedge funds continues unabated. The Lyxor Hedge Fund index is up 2.4% year-to-date, and several patterns observed over recent weeks have proved persistent. It added that the appetite for risk supports event driven and fixed income strategies, which outperformed other strategies both this week and in February.

"Global macro funds outperform CTAs as a result of the recent rebound in treasury yields and energy prices. Macro managers are actually short duration and slightly long energy, while CTAs maintain an opposing position on both asset classes. Strong U.S. job data in February proves supportive for global macro," the report said.

Lyxor added that such positive developments have fuelled inflows into hedge funds early 2015, after a loss of momentum in H2 2014. Within Newcits, multi strategy, market neutral equity and managed futures collected the bulk of the money in January.

Lyxor is bearish on event driven strategies

"Going forward, we reiterate our positive stance on event driven as risk appetite is likely to remain supported by a dovish Fed," said Philippe Ferreira, Lyxor AM’s head of rese......................

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