Wed, Jul 23, 2014
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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  3. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  4. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro

  5. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm