- Advertisement -

Related

Event-Driven Forges Ahead; CTAs Stumble

- Advertisement -

Stockholm (HedgeNordic) – The Lyxor Hedge Fund Index has risen 0.5% in March, increasing 0.2% last week and approaching an average of 1.1% for Q1 2017, according to its weekly report.

Event-driven strategies have outperformed during Q1, according to Lyxor, with special situations funds at the forefront and activist funds prospering in the range of 4-5& YTD.

The Lyxor Equity Market Neutral L/S index is up 3.3% YTD, extending its recovery last week after disappointing returns last year.

The Lyxor CTA Broad Index, however, underperformed last week, being down 1.6%.

“Event-driven remains a highly attractive strategy going forward,” Lyxor’s Cross Asset Research team wrote. “Exposures are balanced between cyclical and defensive sectors (though there has been a tilt towards adding to cyclicals lately), thus preventing any major reversal in market optimism from causing losses on Event-Driven portfolios. The, CEO confidence is at a decade high and this is likely to translate into stronger corporate activity. Finally, several elements related to the new US administration may also prove supportive.”

Fiscal reform, if implemented, and regulatory easing were suggested by the Lyxor team as factors that could make the environment for event-driven managers more predictable and less exposed to deal breaks.

 

Picture: (c) suwanon-wongsaphan-shutterstock.com

 

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

Our newsletter is sent once a week, every Friday.

Glenn Leaper, PhD
Glenn Leaper, PhD
Glenn W. Leaper, Associate Editor and Political Risk Analyst with Nordic Business Media AB, completed his Ph.D. in Politics and Critical Theory from Royal Holloway, University of London in 2015. He is involved with a number of initiatives, including political research, communications consulting (speechwriting), journalism and writing his post-doctoral book. Glenn has an international background spanning the UK, France, Austria, Spain, Belgium and his native Denmark. He holds an MA in English and a BA in International Relations.

Latest Articles

Diversification is Easy to Buy, Hard to Get: The Liquid Alternatives Test

By Luc Dumontier, CIO Global Asset Management, iM Global Partner: Rarely have global portfolios carried such concentrated exposure to a single bet. US equities...

Unlocking a Third Active Lever

By Steven Braun at Newfound Research and Return Stacked® Portfolio Solutions: Long-only active management traditionally has two levers for generating excess returns. The first...

Active and Alternative ETFs Gain Ground as Market Splits Between Cost and Value

The ETF market is entering a new phase in which growth is increasingly concentrated at opposite ends of the cost spectrum. While ultra-low-cost passive...

Beyond Passive: How Institutional Investors Are Reshaping Europe’s ETF Market

Flows into exchange-traded funds (ETFs) continue to show little sign of slowing, but the record asset growth tells only part of the story. Beneath...

Finding Leverage: From Ecology to Asset Management

By David Seekell: The biggest change since moving from academia to asset management is that I started getting advertisements for private jets in my...

Azpire Capital Brings Systematic Long/Short Strategy to Digital Assets

A trio of founders from Aarhus, Denmark, is launching a fund built around a systematic long/short strategy for digital asset markets. After almost two...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -