Ten out of 13 Lyxor hedge fund indices post losses in August

IndicesJust three out of 13 Lyxor Strategy Indices ended the month of August in positive territory as hedge funds lost ground during the month. The Lyxor Convertible Bonds & Volatility Arbitrage Index gained 0.26% in August, the Lyxor L/S Credit Arbitrage Index 0.51% and the Lyxor Merger Arbitrage Index 0.04%. Meanwhile, the Lyxor CTA Long Term Index posted the largest losses with 3.99%, followed by the Lyxor L/S Equity Variable Bias index, which lost 1.91%, and the Lyxor CTA Short Term Index, which lost 1.34%. Others that posted losses are the Lyxor Hedge Fund Index (-1.13%), the Lyxor Fixed Income Arbitrage Index (-1.04%), the Lyxor L/S Equity Long Bias Index (-1.02%), the Lyxor Equity Market Neutral Index (-0.95%), the Lyxor Global Macro Index (-0.66%), the Lyxor Special Situations Index (-0.26%) and the Lyxor Credit Strategies Index (-0.18%). “Risk premium increased notably as investors debated the size and pace of the Fed’s tapering, considered the softening fundamentals in emerging markets and assessed the geopolitical risks in the Middle East,” Lyxor says. “However, many managers, especially on the equity side, entered the month with reduced risk given the strong run of assets year-to-date and ‘known known’ risks in September.” Hedge fund beta remained mostly steady in August at 0.27. ©2013 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.