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

All hedge fund strategies occurred losses first week of June but outperformed bonds and equities

Tuesday, June 16, 2015

Komfie Manalo, Opalesque Asia:

Equity and bond markets experienced renewed tensions last week as the European markets saw higher selling pressure than U.S. markets, which was a negative for global macro managers as they have sizeable long European equities positions in their portfolios, according to Lyxor Asset Management’s Weekly Briefing.

Philippe Ferreira, head of research, managed account platform at Lyxor said that in the week ending Jun 09, the Lyxor Hedge Fund Index was down 1.2% (+2.4% YTD), with all strategies ending in the red. The Eurostoxx 50 and the S&P 500 were down 3% and 1.4% respectively. Hedge funds were hurt by the sell-off in stock prices and the appreciation of the euro vs the dollar.

"Fixed Income was resilient in these difficult market conditions, as both credit and convertible bonds were the best performers last week," he said and added, "Losses were offset by higher implied volatility and some gains generated on specific U.S. energy related names. Meanwhile, CTAs (-2.2%) and Global Macro (-1.4%) managers underperformed, hurt by the surge in the euro vs the dollar."

However, Ferreira said that in the current risk-adverse environment, hedge funds posted negative returns but outperformed traditional asset classes. He added that the positive correlation between equiti......................

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