- Advertisement -

Related

CTAs and Macro well positioned for post Fed market action

- 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

HSBC’s Three Decades of Building Hedge Fund Portfolios

Hedge fund investing has become increasingly institutionalized and resource-intensive, requiring access to specialized managers alongside deep due diligence, portfolio construction, risk management, and ongoing...

The Benefits of Multi-Manager Portfolios in CTA Investing

At first glance, CTA investing can appear deceptively homogeneous. Many managers trade the same liquid futures markets and rely on systematic, trendfollowing models that...

Why Some Nordic Allocators Prefer Multi-Strategy Hedge Funds

Many institutional allocators spend years building portfolios of single-strategy hedge funds across different asset classes, geographies, and investment styles. Yet there is also a...

Allocators Seek Sharpe, Not Spectacle When Opting for Multi Managers

Global allocators are once again paying closer attention to multi-strategy and multi-manager hedge fund solutions. But unlike the years before the financial crisis, the...

Swiss Family Office Seeks $5 Million Allocation to Liquid Alternatives

A Swiss family office is seeking to allocate $5 million to liquid alternative investment strategies, including hedge funds, managed futures, commodities, and funds providing...

OP’s R2 Crystal Sees Stronger Case for Hedge Funds

For much of the past decade, hedge funds struggled to compete against strong beta-driven markets fueled by ultra-low interest rates and abundant liquidity. But...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -