Mon, Jul 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFRI Fund Weighted Composite Index gains 3.37% in September, 4.59% YTD

Friday, October 08, 2010
Opalesque Industry Update: Hedge funds posted the strongest monthly gains in over a year in September, as global equity markets surged on renewed investor confidence in the global economic recovery. Fixed income and commodities also posted gains for the month, while currencies continued to be volatile on the Bank of Japan intervention to weaken the Japanese Yen and continued US policymaker pressure on China to revalue the renminbi.

The HFRI Fund Weighted Composite Index gained +3.37% for the month, the strongest monthly gain since May 2009 and effectively bringing cumulative index performance to the historical record level (high watermark) previously set in October 2007. All 4 main strategies had positive contributions to index performance as below:

Equity Hedge had the strongest contribution to index performance, with the HFRI Equity Hedge Index gaining +4.50% with significant sub-strategy contributions from Fundamental Growth and Energy/Basic Materials focused funds, which gained +6.32% and +5.88%, respectively. Equity Hedge gains were partially offset by significant weakness in dedicated Short Bias funds, which declined by -10.62% for the month. All other Equity Hedge strategies posted gains for the month bringing the HFRI Equity Hedge (Total) Index YTD performance to +3.46%.

The HFRI Macro Index gained +3.08%, with positive contributions from all Macro sub-strategies as financial market volatility declined broadly and strong, tractable, trending behavior persisted. Both Discretionary and Systematic Macro posted gains of +3.6% and +3.08%, respectively; Active Trading and Commodity focused funds also had significant positive contributions.

Event Driven funds also posted strong performance, with the HFRI Event Driven Index gaining +2.21%. Shareholder Activist and Equity Special Situations funds had the strongest contribution to Event Driven Index, as corporate transaction activity continued to be strong and credit markets remained liquid and accessible. Merger Arbitrage and Credit Arbitrage also posted gains for the month.

Relative Value Funds added to strong YTD performance, with a gain for the HFRI Relative Value Index of +1.41% for September bringing YTD performance to +7.75%, the best area of strategy performance. Strongest areas of sub-strategy performance include Yield Alternative and Real Estate focused funds, while Fixed Income and Convertible Arbitrage sub-strategies also posted gains.

The HFRI Emerging Markets Index gained +5.37%, with the strongest performance from Emerging Asia and the Middle East.

Fund of Hedge Funds posted a gain of +2.44% for September, also the strongest calendar month since May 2009.

(Press release)

Full performance charts available: Source
-KM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Already above average, Singapore high-networth investors add hedge funds and alternative investments[more]

    Komfie Manalo, Opalesque Asia: An above-average proportion of Singaporean HNW wealth is allocated to alternative investments - the majority of which is held in hedge funds, according to the latest research by ReportLinker. In its report entitled, Wealth in Singapore: HNW Investors 2017

  2. Launches - Crypto boom: 15 new hedge funds want in on 84,000% returns, Crypto madness is striking VCs as Union Square analyst leaves to start new fund[more]

    Crypto boom: 15 new hedge funds want in on 84,000% returns From Forbes.com: With 43 projects raising $1.2 billion in initial coin offerings since May 1, according to Nick Tomaino's The Control, and with stratospheric returns for so many ICOs -- 82,000% for Ethereum, 56,000% for IOTA, 44,

  3. FinTech - The machines are coming... Elon Musk's grim warning, Tezos' $232 million ICO may just be the beginning, A gentle introduction to Initial Coin Offerings (ICOs), Billion dollar tokens, ICOS & crazy market swings WTF is going on!?, How AI is changing the way we invest, How the tech revolution is bringing flip-flops and beanbags to Wall Street, A 'machine-learning' approach to venture capital[more]

    The machines are coming... Elon Musk's grim warning From Tenplay.com.au: Tesla chief Elon Musk has called on US Governors to take 'decisive' action to curtail "the greatest risk we face as a civilization": Artificial Intelligence, or AI. Speaking at a meeting of the National Governor Ass

  4. News Briefs – Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9%, Rwanda: Global hedge fund to increase investments[more]

    Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9% Sears Holdings has landed a fresh line of credit, valued at $200 million, from its CEO Eddie Lampert's hedge fund, the retailer said Monday. Sears' stock climbed about 9 percent higher Monda

  5. Despite current limits, robo-advisors will be preferred investment solution for retail, gain importance for affluent and high net worth[more]

    Matthias Knab, Opalesque: Flynt, a Swiss FinTech focusing on proprietary technology platform for private and institutional clients, has published a brief paper on "Investing in the world of robo-advice and passive instruments". As investors will become more reluctant to pay for investment advi