Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds looking to continue their rally in Q2

Tuesday, April 14, 2015

Komfie Manalo, Opalesque Asia:

Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week ending April 10 with all but one strategy closing the week positive.

A disappointing job report for the month of March in the U.S. was the main event of a rather quiet start to April, said Philippe Ferreira, Lyxor AM’s head of research, managed account platform. He added that has led to a reassessment of U.S. monetary policy and driving risk assets and commodities higher. Markets have actually experienced significant moves in the commodity space. In particular oil prices rebounded sharply with the WTI up 13%. The drop of energy prices has been one of the major themes of recent months, and continues to impact the performance of hedge funds.

Ferreira said, "On the CTA side, the strategy was down 0.4% over the week. The sharp rebound of oil prices and the commodity complex as a whole detracted as managers have been increasing their short positions on the asset class since the start of the year. Long USD positions also contributed to losses as the greenback lost some ground last week, especially against emerging market currencies. Losses have been mitigated by gains on equity and fixed income positions, which are still benefiting from the dovish tone of global central banks." ......................

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