Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Asian long/short hedge funds beneficial in risk on/risk off phases in Western markets

Tuesday, March 31, 2015

Komfie Manalo, Opalesque Asia:

Hedge funds continue to climb higher with the Lyxor Hedge Fund Index up 3.5% year-to-date (up to 24th March). The asset class was supported this week by long/short equity and in particular Asian managers that have done particularly well, said Lyxor Asset Management in its Weekly Briefing.

Lyxor said that the successful stock-picking of Asian managers captured the buoyant market environment on the long book without losing much on the short book. Over the recent months, Lyxor has been advocating the benefits of Asian long/short managers for diversification purposes and continue to do so.

"In the long/short equity space, Asian managers outperformed. For some time we have been highlighting the attractiveness of Asian long/short for diversification purposes against risk on/ risk off phases in Western markets," said Philippe Ferreira, Lyxor AM’s head of research, managed account platform.

Event driven up 1.3% MTD

Meanwhile, event driven managers are up 1.3% month to date (up to 24th March). Investments in the consumer and communication sectors were the prominent contributors, on the back of the Vivendi saga amongst others. One hedge fund investor was reported to be advocating that the company should distribute euro 9bn of special dividend and spinoff Universal Music, triggering a 5% rise of the stock price.

Ferreira added, "Following the 17-18 March Federal ......................

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