Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds maintain growth momentum through mid-October

Thursday, October 19, 2017

Komfie Manalo, Opalesque Asia:

Hedge funds have continued their upward trajectory as the HFRX Global Hedge Fund Index was up +0.43% through October 16 (+4.88% YTD) as global financial markets remain strong and global interest rates largely tread water, according to Hedge Fund Research.

The HFR added that the HFRX Equal Weighted Strategies Index was up +0.14% (+3.95% YTD), and its HFRX Market Directional Index was up +0.28% (+3.21% YTD). The HFRX Absolute Return Index slipped slightly, down -0.04% (+2.63% YTD).

"Equity markets in particular have been trending higher, with the Dow hitting a new record and sector leadership from cyclicals and semiconductors," HFR added.

The report said that the HFRX Macro/CTA Index posted a gain of +0.93% during the same period as gains in systematic trend-following managers were only partially offset by declines in discretionary global fixed income and emerging markets strategies. The HFRX Macro Systematic Index posted a gain of +2.32% as the US dollar gained against the British pound sterling and Mexican peso, metals, hogs, lumber and sugar rose while rubber and coffee declined.

The HFRX Equity Hedge Index posted a gain of +0.75% for the period as global markets gained through mid-month. The HFRX Fundamental Growth Index gained +2.36% for the month from exposure to Emerging Asia, tech......................

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