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Beverly Chandler, Opalesque London: December 2012 performance of the HFRX Indices saw the Global Absolute Return index end 2012 up just 0.88% and the Global Hedge Fund Index up 3.51% for the year.
The HFRX Indices December 2012 performance notes find that US equity markets posted broad based gains on the final trading day of 2012 in anticipation of legislation to avert the US fiscal cliff; these gains offset losses from earlier in December and pushed most US equity indices into positive territory for the month.
The firm finds that the Financials and Technology sectors led gains in December, with small cap equities also posting strong gains. Regionally equities across Asia, Europe & Emerging Markets posted gains led by China, Japan, Russia and Argentina. US yields rose across most maturities in anticipation of the fiscal cliff resolution, while high yield credit continued to tighten. The US dollar rose sharply against the Japanese Yen following Japanese elections and in an...................... To view our full article Click here
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