Sun, Feb 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFRX Global Hedge Fund Index gains 1.18% so far in January

Monday, January 23, 2012
Opalesque Industry Update - Global equity markets began the New Year with strong gains, with strength across Technology, Energy and Financials sectors. The US Dollar rose against the Euro as several European sovereign credit ratings were downgraded. Commodities began the year with mixed performance with gains in Metals & Oil offset by Agricultural and Natural Gas declines.

Hedge funds posted strong gains to begin the year, with the HFRX Global Hedge Fund Index gaining +1.18%, with gains across all main hedge fund strategies. The HFRX Market Directional Index, which includes constituents employing higher levels of market exposure, posted a gain of +1.35% to begin the year.

The HFRX Event Driven Index posted a gain of +2.02% through mid-January, the second largest gain since September '10, with strongest gains concentrated in Activist and Special Situations exposures. Developments in bankruptcies including American Airlines and MF Global contributed to gains, with the HFRX Distressed Index posting a gain of +1.76%. Positive equity and credit market developments also contributed to gains with the HFRX Special Situations Index posting a gain of +1.74% for the period. The HFRX Merger Arbitrage Index gained +0.46%, as managers were positioned for developments in the NYSE/Deutsche Boerse and the AT&T/T-Mobile transactions.

The HFRX Equity Hedge Index gained +1.30% through mid-January, from positive contributions concentrated in US large cap, Financials and Energy exposures. The HFRX Fundamental Value Index gained +0.74% with contribution from European exposure, while the HFRX Fundamental Growth Index posted a gain of +0.56% with contributions from small cap and Latin American exposures. The HFRX Equity Market Neutral Index posted a gain of +0.82%, with contribution from Technology exposure.

The HFRX Relative Value Arbitrage Index posted a gain of +0.98% through mid-January, with gains across all Relative Value strategies. Yields remained low as credit tightened through mid-month, with gains across multi-strategy, corporate and convertible exposures. The HFRX Convertible Arbitrage Index and the HFRX RVA Multi-Strategy Index gained +0.99% and +0.78%, respectively.

The HFRX Macro/CTA Index gained +0.32% through mid-January, from positive contribution discretionary fixed-income exposures offset by mixed performance in commodity, currency and systematic strategies. Partially offsetting these gains, the HFRX Systematic Diversified CTA Index posted a decline of -0.32% with gains in Metals offset by weakness in Agriculturals and Natural Gas.

Comments reference performance as published through January 18, 2012.

Full performance table on Hedge Fund Research: Source

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. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  2. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d

  3. Ex-Navy SEAL backed by Mario Gabelli, Jean-Marie Eveillard and other value giants off to strong start[more]

    From Valuewalk.com: Sententia Capital Management is not your average value focused hedge fund. The fund was founded by Michael Zapata, a former Navy Seal Team 6 Officer and has attracted funding from some of the best-known names in the value space. Mario Gabelli, Jean-Marie Eveillard from First Eagl

  4. Europe - 1 trillion euro non-performing loans are clogging EU lending channels[more]

    From Centralbanking.com: As much as 1 trillion euro of non-performing loans (NPLs) are still clogging the lending channel in the European Union. An EU asset management company (AMC) could address market failures in the secondary market for NPLs as part of a suite of measures designed to tackle the b

  5. Investing - Hedge funds' novel approach: investing for longer at lower returns, U.S. hedge fund Delta Partners lifts stake in Bellamy's, Hedge funds stockpile cobalt, electric carmakers on battery alert, Facebook is racking up the likes among the world's biggest hedge funds, Einhorn affirms gold on Trump uncertainty[more]

    Hedge funds' novel approach: investing for longer at lower returns From FNLondon.com: Hedge funds are known for making short-term bets, dipping quickly in and out of markets to take advantage of swings in prices. But, under pressure to innovate, some big-name managers are looking at ways