- Advertisement -

Related

Lyxor upgrades CTAs to slight overweight

- Advertisement -

Stockholm (HedgeNordic) – French asset manager Lyxor has upped its strategic allocation to CTAs according to its most recent weekly brief report. The change is initiated as a result of Lyxor viewing the strategy as a good defensive bet going into the reporting season.

“Overall, we are upgrading CTAs, from neutral to slight overweight. After the market rally in March and ahead of the US earnings season, their defensive portfolio appears to be a good hedge against any disappointment”, Lyxor writes, continuing;

“Meanwhile, their long stance on US fixed income is less aggressive and with 10-Treasury yields near the bottom of the range of the past three years, it seems adequate. They have also reduced their shorts on energy, which is a positive development as the USD depreciation implies upside risks on the asset class.”

In other strategies, Lyxor maintains its slight overweight to merger arbitrage, despite seeing this strategy suffering in the beginning of April as a consequence of the Allergen/Pfizer deal break.

Lyxors Hedge Fund Index suffered losses of 0.7% in the first week of April and is down 2.5% year to date, indicating a difficult start to the year for hedge funds. The only strategy group showing positive returns for the year is CTA, being up 2.2%.

Picture (c): isak55 – 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

Tidan Builds Multi-Strategy Platform Around Diversified Alpha Engines

What began as a natural evolution of Tidan Capital’s expanding investment platform has quickly become the asset manager’s flagship offering. As institutional investors increasingly...

Länsförsäkringar’s Sebastian Hallenius Departs After Nine Years

Sebastian Hallenius, Head of Asset Allocation at Länsförsäkringar Fonder, is leaving the firm after nine years, including seven years as portfolio manager of the...

Protean Promotes COO to CEO as Founder Focuses on Investing

Daniel Mackey has been promoted to Chief Executive Officer of Protean Funds Scandinavia, succeeding co-founder Pontus Dackmo, who is stepping back from the CEO...

Systematic Multi-Strategy as a Portfolio Diversifier

By Fredrik Langenskiöld – Union Bancaire Privée: Multi-strategy funds are those that allocate to more than one alternative strategy or portfolio manager (PM) in...

Visio Allocator Delivers Record Month on AI Chip Rally

After a more muted, albeit still challenging, first quarter, multi-strategy fund Visio Allocator regained momentum starting in April and delivered its strongest month on...

Colosseum’s Difficult Stretch Continues as Co-Portfolio Manager Departs

After a volatile journey since launching in mid-2025, Colosseum Global Alpha has suffered two consecutive months of steep losses, leaving the fund down more...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -