Tue, Aug 16, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds outperform equity markets in first week of 2016

Tuesday, January 12, 2016

Komfie Manalo, Opalesque Asia:

The year started off with a bad start as the first trading week of 2016 was greeted by the sharp decline in the Chinese market that reverberated across the globe. However, the hedge fund industry was able to deflect some of the negative shocks of the stock markets’ bad opening week by strongly outperforming the equity markets.

Lyxor Asset Management said in its Weekly Briefing that the Lyxor Hedge Fund Index was marginally down 0.3% as of end January 5, while the MSCI world declined by 3.3%.

Lyxor AM senior strategist Philippe Ferreira commented, "We enter 2016 with the same slow and fragile conditions as experienced at the end of 2015. Contradictory macro policies, such as tighter regulations vs. accommodative monetary policies, competitive easing and devaluations, has resulted in conflicting impacts on the markets. Those supporting volatility and dispersion should prevail - though unevenly across assets. The trading backdrop would remain similar to last year, with frequent rotations, hovering liquidity risk, erratic flows with rich valuations, and markets overshooting fundamental changes."

The report added that CTA managers outperformed, with long term models leading the pack. Systems benefitted from the decline of rates on both sides of the Atlantic, while the sharp fall in energy prices contributed to the gains. Short exposure to energy was also rewarding for global macro funds.......................

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: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  2. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  3. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: https://bit.ly/DXCInfo Castle Hall, the Du

  4. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  5. Opalesque Exclusive: This European mezzanine debt strategy offers equity-like returns with downside protection[more]

    B. G., Opalesque Geneva for New Managers: Mezzanine financier SIG-i operates in a relatively uncrowded space by proactively manufacturing financing solutions as an alternative to traditional debt and equity instrume