Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Lyxor reduces fees on flagship managed futures fund

1 Comment
Lyxor reduces fees on flagship managed futures fund

Lyxor has acted to reduce the costs on its managed futures fund amid a difficult run for such strategies.

The £128 million Lyxor Epsilon Managed Futures fund has cut the management fee on its class A shares from 1.94% to 1.5%, and its performance fee from 20% to 10%. On class B shares, the management fee has dropped from 3.94% to 1% and the performance fee from 20% to 15%.

Managed futures funds have endured a torrid period, with the Newedge CTA index losing 5% over the past three years.

Yet within that environment, Lyxor Epsilon Managed Futures has fared better than most, returning 13.3% through the year to the end of November while the Newedge CTA index rose by just 0.2%.

Lyxor attributed the strong recent performance in particular to its equity and currency positions, including long contracts on US markets and a short bet against the Australian dollar versus the US dollar.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Play CIO Tapes: do investors have it as good as it gets?

CIO Tapes: do investors have it as good as it gets?

Citywire gathered three of the UK's leading fund investment heads to discuss what they fear and what makes them cheer about the year ahead

Read More
Your Business: Cover Star Club

Profile: from managing Brunei’s billions to Dorking’s pension pots

Profile: from managing Brunei’s billions to Dorking’s pension pots

Mole Valley Asset Management's boss on why he chucked in multi-billion mandates for Surrey wealth management

Wealth Manager on Twitter