Lyxor: Hedge Funds Up 0.62% In March, 2.36% In Q1

Apr 5 2013 | 11:45am ET

Hedge funds rose 0.62% last month, according to the Lyxor Hedge Fund Index.

The benchmark is up 2.36% on the year, far behind the broader markets: The Standard & Poor's 500 Index is up more than 10% in 2013.

Special situations funds did best in March, rising 2.09%. Equity long-bias funds returned an average of 1.41%, merger arbitrage funds 1.14%, long-term commodity trading advisers 1.02%, and convertible arbitrage and distressed funds 0.99% each.

Statistical arbitrage funds added 0.82% last month, equity variable bias 0.4% and market neutral 0.36%.

Credit arbitrage funds fell 0.51% in March. Global macro funds lost an average of 0.14%.

All told, 10 of the 14 strategies tracked by Lyxor Asset Management gained ground on the month.

"Despite the European political and economic turbulences in March, hedge fund managers continue to focus on the encouraging macro news flow generated in the US and the upward trend in risky assets is not expected to end soon," Lyxor AM's head of managed account platform research and external relations Stefan Keller said.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Controlling With Confidence: A ‘How-To’ For Hedge Fund Managers

Dec 22 2014 | 11:52am ET

Hedge funds are increasingly turning to third party services to help with operations...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.