Wed, Oct 26, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Lyster Watson Credit Fixed Income Index up +0.10% in November (+2.57% YTD)

Monday, December 19, 2011
Opalesque Industry Update - November was another poor month for hedge funds. With fewer than 1/3 of all funds reporting their November results by the middle of December, only Volatility Arbitrage, a poor performer for most of the year, appears to have posted a solid gain. Long/Short EM Equity plummeted over 4% along with EM equity markets. Other regional Long/Short Equity managers posted smaller losses proportional to their own equity markets’ performances. November’s failure to continue October’s positive returns has left most funds with YTD losses greater than any gains they might reasonably hope to show for December, so hedge funds as a whole will be happy to leave 2011 behind.

The small magnitude of returns unaffected by EM equities in November indicates that managers continue to limit their net exposure across almost all strategies. This suggests that hedge funds may continue to post only modest gains or losses until equity volatility subsides, an event that may not occur until the European Community resolves its current problems in a way that investors find credible. If this pattern persists, the slow rate at which managers report their monthly results may become an indication of a permanent reduction in the number of hedge funds. Full press release and performance table: Source

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. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  2. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa

  3. Investing - Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities, Lansdowne's Roden says likes animal genetics company Genus[more]

    Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities From As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redem

  4. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion

  5. Opalesque Roundtable: Style drift, poor communications and credibility fatigue are biggest red flags for hedge funds investors[more]

    Komfie Manalo, Opalesque Asia: Style drift, poor communications and credibility fatigue are the biggest red flags for hedge funds investors, said participants of the latest 2016 Opalesque Investor Roundtable, sponso