Sun, May 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Lyster Watson Indices perform positive across almost all strategies in February

Monday, March 21, 2011
Opalesque Industry Update - Initial estimates of hedge fund performance for February show strong positive performance across almost all strategies. Strong equity markets combined with stable interest rates to produce significant positive returns in both equity and debt-focused strategies. North American Long/Short Equity, Distressed Investment, Convertible Bond Arbitrage and Credit Fixed Income managers have the strongest returns through the first two months of the year, continuing the trends of 2010. Accommodative US monetary policy and economic recovery appear to be the common threads supporting this performance.

European and Developed Asian Long/Short Equity funds posted positive returns for February following slightly negative performances in per January, while EM Long/Short managers posted small additional losses. Directional Macro and Volatility Arbitrage were positive for the month but remain down slightly for the year.

Middle east turmoil and the economic effects of Japan's earthquake and Tsunami pose the first real threat to a continuation of this scenario since the European debt crisis erupted almost a year ago. March returns will reveal the extent to which managers have been able or unable to insulate themselves from changes in the underlying trends that have produced strong returns for the past year.

Hedge Fund Strategy Indices

Returns

Volatility

Sharpe Ratio

 

MTD

YTD

1-Year

1-Year

5-Year

DIRECTIONAL

 

 

 

 

 

Lyster Watson Credit Fixed Income Index

1.94%

3.80%

15.59%

4.67%

0.91

Lyster Watson Directional Macro Index

1.09%

-0.40%

6.09%

4.20%

1.20

Lyster Watson Long/Short Equity Developed Asia Index

0.59%

0.38%

13.02%

9.47%

0.42

Lyster Watson Long/Short Equity Emerging Market Index

-0.45%

-1.74%

13.93%

11.43%

0.64

Lyster Watson Long/Short Equity Global Index

1.63%

2.45%

13.18%

8.76%

0.49

Lyster Waston Long/ShortEquity North America Index

2.88%

3.69%

16.77%

10.07%

0.51

Lyster Watson Long/Short Equity Western Europe Index

0.72%

0.66%

9.61%

6.83%

0.37

 

 

 

 

 

 

EVENT DRIVEN

 

 

 

 

 

Lyster Watson Distressed Investment Index

1.61%

3.55%

19.28%

6.93%

0.59

Lyster Watson Event Equity Index

1.43%

2.24%

13.91%

7.16%

0.56

 

 

 

 

 

 

RELATIVE VALUE

 

 

 

 

 

Lyster Watson Convertible Arbitrage Index

1.79%

3.37%

16.41%

5.64%

0.54

Lyster Watson Market Neutral Equity Index

0.53%

0.65%

2.85%

1.82%

0.55

Lyster Watson Volatility Arbitrage Index

0.75%

-0.10%

6.55%

4.37%

1.81

 

 

 

 

 

 

Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n