Hedge Fund Performance Disparate In May, Says Lyxor
Hedge fund performance has been disparate across strategies in May, with event driven funds extending their winning streak (+0.7 per cent), fuelled by Merger Arbitrage which tends to perform well when bond yields fall, according to Lyxor.
Lyxor: Hedge Fund Index Up As New Market Regime Takes Shape Post-Election | FINalternatives
Hedge funds enjoyed broad-based returns last week as equity, bond and currency assets remained largely in their respective lanes as financial markets continue adapting to Donald Trump’s election win, according to the latest edition of Lxyor Asset Management’s Weekly Brief. The Lyxor Hedge Fund Index gained 0.7% for the week through November 22, with all sub-strategies except one ending the period on a positive note. Event Driven led the pack, gaining 0.9% and supported by positive returns in both Merger Arbitrage and Special Situations segments, while Global Macro and L/S Equity gained ground, up 0.8% and 0.7% respectively. Fixed Income...
IQ Merger Arbitrage Index Leads Four Of Six IndexIQ IQ Hedge Indices Higher In May
IndexIQ has announced the performance of its family of six IQ Hedge Indexes with four positive, led by a 1.31 percent return for the IQ Merger Arbitrage Index. read more
Hedge Fund Investors Have Fallen in Love With Merger Arb (Again)
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It Was A Brutal Week For Some Of The World's Biggest Hedge Funds
When the announcement of new rules to crack down on tax “inversion” deals put question marks around the now-terminated $160 billion Pfizer ( PFE ) takeover, Allergan shares plunged 15% from $277 to $...
Hedge Funds Winning In M&A Arbitrage As Banks Cut Prop Desks
Hedge funds betting on the success or failure of mergers and acquisitions are taking advantage of a record volume of deals and a lack of competition from banks to score the best returns among peers looking to profit from corporate actions. Banks have shrunk or shuttered trading desks under pressure from regulators to take fewer risks, and some event-driven funds have closed. That helped merger-arbitrage money pools return 3.4 percent in...
Barclay Hedge Fund Index Down 2.83 Per Cent In January As Hedge Funds Suffer Worst Start In Eight Years
Hedge funds lost 2.83 per cent in January according to the Barclay Hedge Fund Index compiled by BarclayHedge – the worst start to a new year in eight years since the Index dropped 3.26 per cent in January 2008. read more
Ford Pension Plans Cut Equity And Event For Macro And Multi-Strat
By Simon Kerr, Publisher of Hedge Fund Insight The investment strategy allocation of portfolios of hedge funds is a function of the target return and drawdown tolerance of the end investor over a multi-year period. The pension plans of the Ford Motor Company are part way through a five-year de-risking process – the U.S. […]
Och-Ziff Posts First-Ever Quarterly Loss; Stock Price Plummets
Hedge fund manager Och-Ziff Capital Management reported its first-ever quarterly loss on Thursday as asset outflows put severe pressure on fee and incentive income, pushing its share price to a record low. Total revenue fell by 50% to $342.8 million as incentive income collapsed 84% to $69.2 million and management fees fell 11% to $148.6 million. Assets under management fell 4.2% in the quarter from a year earlier and totaled roughly $43.7 billion as of Feb. 1. The New York-based company lost $36.1 million, or 7 cents a share, in the fourth-quarter, compared with profit of $255.4 million, or 50...
Hedge Funds Demonstrate Remarkable Resilience In Turmoil
The Lyxor Hedge Fund Index was down 0.9 per cent in January, despite positive performance from five out of the 11 Lyxor Indices, according to Lyxor’s latest Alternative Investment Industry Barometer. The Lyxor CTA Long Term Index (+2.2 per cent), the Lyxor Global Macro Index (+0.7 per cent), and the Lyxor Fixed Income Arbitrage Index (+0.7 per cent) were the month’s best performers.