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Alternative Market Briefing

Hedge funds post mixed results through mid-November

Tuesday, November 25, 2014

Komfie Manalo, Opalesque Asia:

Hedge funds posted mixed performance through mid-November with the HFRX Market Directional gaining +0.32%, while HFRX Global Hedge Fund Index and HFRX Absolute Return Index were each essentially unchanged, declining -0.01% through mid-month.

In its mid-November performance note, data provider Hedge Fund Research said that the global financial markets experienced mixed performance through mid-November, including several large M&A announcements, continued declines in oil on weak demand, and a favorable response to interest rate cut by Chinese Central Bank.

Global equity markets were also mixed with sector gains in telecom and cyclicals offset by energy and emerging markets. European and Asian equities posted gains led by Japan, Germany and the UK. Global Yields were little changed following the prior month's volatility, while the U.S. dollar extended gains from prior month against the Japanese yen, British pound sterling, Euro and Russian Ruble. Commodity declines were led by oil and cotton, which were only partially offset by gain in natural gas and gold.

HFRX Macro/CTA Index posted a gain of +1.15% through mid-November, the 7th consecutive monthly gain for the index, as oil and the Japanese Yen extended declin......................

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