Tue, May 17, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds remain resilient amid trend reversals

Tuesday, April 28, 2015

Komfie Manalo, Opalesque Asia:

Recent market conditions were less supportive for hedge funds, with a reversal of market moves witnessed so far this year, reported Lyxor Asset Management in its latest Weekly Briefing. Last week, European equities were down and the EUR/ USD went up, while U.S. rates ended the week marginally higher.

The Lyxor hedge fund index was however resilient, down only 39bps. Gains were posted by Asian managers, both on the long/short equity and even-driven strategies.

Hedge funds ended the week slightly down at -0.4% (0.8% MTD, 4.1% YTD) amid tough market conditions. Long/short equity delivered mixed performance, down 0.1%, with an emerging manager leading the pack. Meanwhile, all multi-strategy managers ended the week in the black. Macro managers were down 0.4%. Their long exposures on commodities managed to offset the losses on the FX and equity buckets.

According to Philippe Ferreira, Lyxor AM’s head of research, managed account platform, said, CTA was the worst performing strategy (-1.4%) and all buckets were detrimental to performance, in particular commodities as managers suffered from their short position on energy.

Macro managers turn bearish on bunds

According to Lyxor AM, with uncertainty still surrounding the Fed stance and ahead of the next FOMC (Feder......................

To view our full article Click here

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. Opalesque Exclusive: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Schroders acquires European renewable infrastructure manager Greencoat Capital[more]

    Laxman Pai, Opalesque Asia: British multinational asset management company Schroders has completed the acquisition of a 75% shareholding in Greencoat Capital, one of Europe's largest investment managers dedicated to the high-growth renewable infrastructure market. The remaining 25% is owned by Gr

  3. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  4. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  5. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm