Quantitative funds hit by reversals in government bonds as investors rethink their interest rate expectations
But this year investors have struggled to gauge the path for global interest rates, hurting the performance of many trend followers, which tend to need clear, persistent trends in order to profit. Unexpected market moves, such as the spike in European natural gas prices, have also dented profitability.
Lynx, which runs $7bn, has suffered a 9.3 per cent fall in one if its main funds this year to the end of July, after making 36.8 per cent in 2022. While funds have slightly different trading strategies, many suffered in March when markets quickly dialled down theiron how much further interest rates would rise following the collapse of banks including Silicon Valley Bank and Credit Suisse.
“We were not overly leveraged at the portfolio level, however, we were near our maximum allowed risk in fixed-income markets,” said Christopher Reeve, director of risk at Aspect Capital.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian Hornet Sightings Soar From 2 In 2022 To 15 This Month12 of August's sightings were in Kent.
Read more »
Revealed: 2022-23 Champions League fastest players as Chelsea star Mykhailo Mudryk misses out on top spot and Liverpool's Dominik Szoboszlai doesn't make top 10Mykhailo Mudryk and Dominik Szoboszlai were among the fastest players in the 2022-23 Champions League.
Read more »
F1 cost cap results for 2022 expected in a “matter of weeks”F1 teams are expected to receive the verdict from the FIA’s cost cap investigation for the 2022 season by the “beginning of September”, according to Ferrari boss Frederic Vasseur.
Read more »
Care home shut down after inspector said she was 'very concerned'Richmond Lodge, in Kirkby-in-Ashfield, was rated inadequate in October 2022
Read more »
Spanish GCSE sees rise in popularity as entries up more than 11 on 2022If current trends continue, the subject could overtake French in the near future to become the most popular GCSE language.
Read more »
Spanish GCSE sees rise in popularity as entries up more than 11 on 2022If current trends continue, the subject could overtake French in the near future to become the most popular GCSE language.
Read more »