Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds post modest gains in mid-March as global financial markets rally

Monday, March 21, 2016

Komfie Manalo, Opalesque Asia:

Hedge funds posted modest gains in mid-March as the HFRX Global Hedge Fund Index gained +0.66% (-2.32% YTD) and the HFRX Market Direction Index rose +2.41% (-6.91%). In its report, Hedge Fund Research said that the global financial markets gained through mid-March with oil and equities continuing to recover from steep early year declines on improving investor confidence as the U.S. Fed reduced expectations for near term interest rate increases.

HFR said, "Equity market gains were led energy, financials and emerging markets, with top regional contributions from China, Russia, Brazil and Italy. Oil and natural gas surged to lead commodity gains, while coffee and lumber and also posted agricultural commodity gains. U.S. treasury yields rise as the yield curve flattened, led by relative increases in shorter dated yields; high yield credit also posted strong gains. Currencies gained against the U.S. dollar, led by gains in the Brazilian real, Russian rouble and euro."

HFRX Equity Hedge Index posted a gain of +1.78% reversing prior months declines as equity markets experienced a global rebound. The HFRX Fundamental Value Index gained +2.15% with gains in exposure to large-cap Financial, Basic Materials and Communications sectors. The HFRX Fundamental Growth Index gained +1.55% with contributions from sm......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1