Thursday, 27 November 2014
Last updated 1 day ago
Sep 10 2013 | 10:10am ET
Unless you were involved in some sort of arbitrage last month, chances are you suffered losses, according to Lyxor Asset Management.
The Lyxor Hedge Fund Index fell 1.13% last month, cutting its year-to-date returns to 2.02%. Ten of the 13 strategies tracked by Lyxor also lost ground—the only exceptions being long/short credit arbitrage (up 0.51%), convertible arbitrage (up 0.26%) and merger arbitrage (up 0.04%).
On the other side of the ledger, long-term commodity-trading advisers lost 3.99% on the month. Long/short equity variable bias funds fell 1.99%, short-term CTAs 1.34%, equity long-bias funds 1.02% and long/short equity neutral bias 0.95%. Global macro shed 0.66% and special situations 0.26%.
"The rapidly-shifting macro environment in the fall should provide an opportunity for hedge funds to monetize strong views and generate alpha," a hopeful Rob Koyfman, senior strategist at Lyxor, said.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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