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

Hedge funds fell in April as alternative UCITS surge in Europe

Tuesday, May 03, 2016

Komfie Manalo, Opalesque Asia:

Hedge funds shed more in April with the Lyxor Hedge Fund Index down 0.9% during the month (-2.8% YTD), but there was some good news with alternative UCITS showing strong inflows in Europe.

In its Weekly Briefing, Lyxor Asset Management said that fixed income and credit arbitrage outperformed, buoyed by dovish central banks and significant credit spread tightening across the board (U.S. and Europe; investment grade and high yield). Asian credit funds did particularly well in April.

Philippe Ferreira, senior strategist at Lyxor AM, commented, "Meanwhile, CTAs underperformed as a result of the rise in bond yields in the U.S. and Europe. Over the last two months, they reduced markedly their long fixed income exposure but were still exposed to the rise in bond yields. Finally, event driven funds continue their recovery. "

Alternative UCITS surge in Europe

There has been much discussion over recent weeks on the outflows suffered by the hedge fund industry. Several data providers estimated the decline in global hedge fund capital in the first quarter of 2016 at about $15bn.

Yet, despite that, strong inflows into alternative UCITS in Europe have gone somewhat unnoticed. Lyxor cited date from Morningstar that says alternative UCITS experienced net inflows of EUR 3.6bn in March, bringing the cumulated figure to EUR 7.7bn in Q1-16 (based on the universe of funds availab......................

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