Long Term CTAs Down Ugly As Short Term CTAs Hold On In January

From Lyxor Asset Management The global economy finished was down only -0.4% in January, outperforming the MSCI World down -3.8%. 8 Lyxor Strategy Indices out of 12 ended the month in positive territory, led by the Lyxor Fixed Income Arbitrage Index (+1.74%), the Lyxor Merger Arbitrage Index (+0.92%) and the Lyxor L/S Equity Market Neutral […] Read more »

Lyxor AM Emphasises Special Sits Managers For 2014

From Lyxor Asset Management The global economy finished on solid footing in 2013 and growth is set to maintain a healthy pace in 2014. Demand in the developed economies is recovering steadily aided by supportive policies which have helped smooth the deleveraging cycle. Growth in the US is leading other regions and is helped by […] Read more »

Event Driven Round Up

From Lyxor Aset Management: The Event Driven space also produced solid results in October. Special Situation funds returned 1.1% (10% YTD). These funds are becoming like more traditional L/S equity managers. They maintained a net equity exposure at 44% and net credit exposure of 19%. Merger Arbitrage funds were up 1.4% but managers reduced risk, […] Read more »

September Market Background a Positive for Equity Hedge Managers

By Hedge Fund Insight staff Expectations of hedge fund returns should be tempered by market background – what suits one manager will not suit another. Equity hedge managers have had a very good year in the United States and Japan, and a decent year elsewhere. Equity hedge managers in developed markets have produced positive returns […] Read more »

Hedge Fund Investments of US Endowments and Foundations – How did They Do That?

By Simon Kerr, Hedge Fund Insight   The Wilshire Trust Universe Comparison Service® (Wilshire TUCS) tracks the performance and allocation of institutional assets in the United States of America and includes nearly 1,570 plans representing in excess of $2.75 trillion in assets. The full universe includes public pension plans, Taft-Hartley plans, master trusts and corporate […] Read more »

CTAs Confound Investors’ Timing of Allocations

By Simon Kerr, Hedge Fund Insight   When I received a manager monthly letter today showing four positive months for 2013 it made me wonder is that the manager or the strategy? After such a long time waiting, you will understand my interest, as the manager is a CTA. The particular fund* has delivered a […] Read more »

Closure Rate of Funds of Hedge Funds Up

According to HFR, investors continued to withdraw capital from Fund of Hedge Funds, which experienced $4.4 billion in 3Q outflows, the 6th consecutive quarter of outflows. Total capital invested in Fund of Funds increased to $635 billion, as the HFRI Fund of Funds Composite Index gained +2.4 percent for the quarter. The HFRI Fund of Funds […] Read more »