Profile cover photo
Profile photo
Lyxor Asset Management
40 followers -
Lyxor Asset Management Group (“Lyxor Group”) was founded in 1998 and is composed of two fully-owned subsidiaries (1)(2) of Societe Generale Group.
Lyxor Asset Management Group (“Lyxor Group”) was founded in 1998 and is composed of two fully-owned subsidiaries (1)(2) of Societe Generale Group.

40 followers
About
Lyxor Asset Management's posts

Post has attachment
[http://bit.ly/1JXiyWu] The Lyxor Hedge Fund Index was up +0.7% in November. 4 out of 11 Lyxor Indices ended the month in positive territory. The Lyxor CTA Long Term Index (+3.6%), the Lyxor Global Macro Index (+1.8%), and the Lyxor LS Equity Variable Bias Index (+1.2%) were the best performers...
Photo

Post has attachment
[http://bit.ly/1UvUrDL] For the first time in almost a decade, the Fed has finally hiked rates as the FOMC decided that the US growth/ inflation mix was robust enough to absorb monetary tightening. Over the next twelve months, three to four additional rate hikes of 25 bps are on the cards . 
Photo

Post has attachment
European ETF Market flows were limited in November 2015. Net New Assets (NNA) during this month amounted to EUR3.7bn, -27% vs the 1-year average. Total Assets under Management are up 27% vs. the end of 2014, reaching EUR462bn, and including a limited market impact (+13.2%*). Investors mainly focused on developed equity ETFs in a market dominated by shifting expectations over the Fed’s policy.

Post has attachment
[https://lnkd.in/d6-4rgy] During a period in which most asset classes sold off ferociously and fixed income provided no downside protection, the Lyxor Hedge Fund Index was down only 0.8%. This highlights the resilience of this asset class to wide market movements...
Photo

Post has attachment
Hedge Fund Briefs, December 2015
 
Global market conditions were broadly supportive in November, with risk assets moving higher. Japanese and European equities outperformed US markets, as we had expected, while US Treasury yields edged higher as the market started to price in the first Fed rate hike in almost a decade.

Post has attachment
[https://lnkd.in/dgHvVDW] The ECB decided to take additional easing steps on December 3rd, but as we feared the measures did not meet market expectations. As a result, equity and bond markets sold off in Europe, with global contagion effects on risk assets. The EURUSD bounced back while commodities rose as a result of a falling USD. The latter was also related to a testimony by J. Yellen expressing a gradual approach to Fed rate hikes.
Photo

Post has attachment
[https://lnkd.in/dnAERMn] ECB’s liquidity injection programs are now clearly underway – including a likely acceleration to be announced on 3 Dec – however the figures of actual lending to the public are still far behind the curve...
Photo

Post has attachment



Post has attachment
[https://lnkd.in/dnwU7W5] "Macro/CTA strategies maintain net short positions on the EURUSD cross"

"we believe that creating so many expectations can only give room to disappointment"

Going into next week’s ECB meeting, Macro/ CTA strategies maintain large net short positions on the EURUSD cross, which are in line with expectations that the ECB will announce additional easing measures. Indeed, over the recent weeks, ECB officials
Photo

Post has attachment
[https://lnkd.in/dsTYpDX] 80% of QE money has not been put to use so far. he ECB shall twist its monetary infusion

EMU banks are extended credit lines at the ECB from ST and LT loans plus outright securities purchases. However, as long as excess reserves are hoarded, and not used to provide loans to the public, monetary transmission stays halted...
Photo
Wait while more posts are being loaded