Sat, Sep 23, 2017
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. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  3. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  4. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  5. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N