Alpha

In de “white paper” “A new era for hedge funds” beargumenteert Lyxor dat er weer betere tijden aanbreken voor de Hedge Fund industrie, met rendementen die 5-6% hoger liggen dan de traditionele asset categorieën.  “We evaluate the drivers of hedge fund returns and conclude that the normalisation of US monetary policy and US equities’ loss of momentum will lead to HF outperformance versus traditional asset classes. We expect annual excess returns in the 5-6% range. Hedge funds have underperformed traditional asset classes over recent years. Despite its outstanding track record over recent decades, the industry has come under mounting pressure. Inflows remain robust, but hedge funds have significantly lowered both management and performance fees to adapt to the new environment….