{"id":55230,"date":"2016-08-30T01:21:50","date_gmt":"2016-08-29T23:21:50","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/september-market-catalysts-in-store-for-hedge-funds\/"},"modified":"2019-12-31T01:02:00","modified_gmt":"2019-12-31T00:02:00","slug":"september-market-catalysts-in-store-for-hedge-funds","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/september-market-catalysts-in-store-for-hedge-funds\/","title":{"rendered":"September Market Catalysts in Store for Hedge Funds"},"content":{"rendered":"<p>This week was uneventful for most hedge fund strategies amid low trading volumes, few<br \/>\nmarket catalysts and limited changes in risk assets\u2019 prices. The Lyxor Hedge Fund index<br \/>\nwas flat. Merger Arbitrage and Global Macro funds were the two exceptions.<\/p>\n<p><strong>The former outperformed on Pfizer beating out Sanofi in the take-over of Medivation in the<br \/>\noncology segment. Several managers were already positioned for a bidding war on this<br \/>\ncompany.<\/strong><\/p>\n<p>By contrast, Macro funds&#8217; shorts on U.S. bonds and longs on USD temporarily played out<br \/>\nadversely. Shifting perceptions on the timing of the Fed\u2019s next rate hike ahead of the<br \/>\ncentral bankers\u2019 annual Jackson Hole meeting generated some volatility in rates and<br \/>\ncurrencies. Expectations on further easing programs from the ECB and the BoJ were also<br \/>\nmildly revised down.<\/p>\n<p>Hedge Funds modestly increased risk over the course of the summer, though<br \/>\nheterogeneously across strategies. While September seasonality has statistically been<br \/>\nsupportive for risk assets, hedge funds remain conservatively positioned.<\/p>\n<p><quote>The lack of decisive market trends and uncertainty about the mood of investors as they<br \/>\nhead back from their summer break will not last indefinitely. Market movers will quickly<br \/>\nreemerge as we head into September.<\/quote><\/p>\n<p>The tone from Jackson Hole, the U.S. jobs report, and the big three meetings (ECB, BoJ<br \/>\nand Fed) will be closely monitored. Additionally, the G20 summit, key Chinese economic<br \/>\nreleases, and the first U.S. presidential debate at the end of September are on the radar.<br \/>\nThey are likely to generate more trading opportunities for hedge funds.<\/p>\n<p><a href=\"http:\/\/www.next-finance.net\/http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/08\/hedge_funds_prudent_and_disparate_risk_taking_before_the_start_of_september.jpg\"><img loading=\"lazy\" class=\" aligncenter size-full wp-image-55224\" src=\"IMG\/jpg\/hedge_funds_prudent_and_disparate_risk_taking_before_the_start_of_september.jpg\" alt=\"hedge_funds_prudent_and_disparate_risk_taking_before_the_start_of_september.jpg\" align=\"center\" width=\"619\" height=\"272\" \/><\/a><div id='gallery-1' class='gallery galleryid-55230 gallery-columns-3 gallery-size-herald-lay-c1'><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a class=\"herald-popup\" href='http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/08\/hedge_funds_prudent_and_disparate_risk_taking_before_the_start_of_september.jpg'><img width=\"470\" height=\"272\" src=\"http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/08\/hedge_funds_prudent_and_disparate_risk_taking_before_the_start_of_september-470x272.jpg\" class=\"attachment-herald-lay-c1 size-herald-lay-c1\" alt=\"\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div><\/figure>\n\t\t<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>This week was uneventful for most hedge fund strategies amid low trading volumes, few<br \/>\nmarket catalysts and limited changes in risk assets\u2019 prices. The Lyxor Hedge Fund index<br \/>\nwas flat. Merger Arbitrage and Global Macro funds were the two exceptions.<\/p>\n","protected":false},"author":1,"featured_media":55224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1687,1743,1655,1723,1651,1662,2243,2068,1672],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/55230"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=55230"}],"version-history":[{"count":1,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/55230\/revisions"}],"predecessor-version":[{"id":55231,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/55230\/revisions\/55231"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/55224"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=55230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=55230"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=55230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}