- Advertisement -
- Advertisement -

Related

CTAs and Macro well positioned for post Fed market action

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – In the most recently published weekly report from Lyxor, CTAs and Macro strategies are highlighted as best positioned to take advantage of the market response to Fed’s decision to leave interest rates unchanged.

In a comment, Lyxors Philippe Ferreira says:

“Since the FOMC meeting on September 17th, the Fed’s indecisive attitude has been met with mixed responses from the markets. A lack of guidance has not been welcomed by risk assets, bonds have rallied and the USD has eased against major currencies. It is likely that this will fuel Global Macro and CTA managers in particular.”

With regards to CTAs, Lyxor says that being long fixed income and neutral equities makes an adequate positioning in the current market environment. They stress however that positioning differs between long-term and short-term CTAs. Short-term CTAs are judged to be better positioned given less directionality in FX and commodity markets.

“In fact, long term CTAs are still long USD and short commodities. The Fed’s stance is likely to put downward pressure on the USD and some upward pressure on commodities”, Lyxor says

In the macro space, discretionary macro managers are said to be long fixed income and are set to benefit from the ease in bond yields following downward  revisions of economic projections.

Picture: (c) 18percentgrey – shutterstock.com

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Jonathan Furelid
Jonathan Furelid
Jonathan Furelid is editor and hedge fund analyst at HedgeNordic. Having a background allocating institutional portfolios of systematic strategies at CTA-specialist RPM Risk & Portfolio Management, Mr. Furelid’s focus areas include sytematic macro and CTAs. Jonathan can be reached at: jonathan@hedgenordic.com

Latest Articles

Playing ‘Moneyball’ for Investors

Having managed the opportunistic hedge fund Pensum Global Opportunities under the Pensum Asset Management umbrella since 2022, Sector co-founder Peter Andersland has now established...

One Big Winner Lifts Accendo Into the Top Ten

When your portfolio holds six names, one big winner can move the needle in a major way. For Accendo Capital, September proved just that....

Slim Nordic Line-Up at HFM Awards

With Intelligence has revealed the shortlist for the HFM European Performance Awards 2025, featuring an unusually small number of Nordic hedge funds among this...

Record Gold, Rising Momentum

The NHX CTA Index gained in September 2025, supported by a broad-based trend environment. Most of the profits came from precious metals, as gold...

From Rocky Starts to Solid Returns and Milestones

Lynx Asset Management, best known for its flagship trend-following program Lynx, has in recent years expanded its product offering with the launch of Lynx...

Europe’s Infrastructure Transformation: Where the Smart Money is Going

Infrastructure is at the heart of Europe’s economic transformation. Richard Marshall, Head of Infrastructure Research at DWS, explores how subsectors like data centres, renewable...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.