Tue, Jul 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFRU Equity Hedge Index rose +1.31% in January

Tuesday, February 05, 2013
Opalesque Industry Update - Global financial markets posted strong gains in January to start 2013, as the resolution of the US fiscal cliff negotiations, optimism over the European sovereign debt crisis and a dynamic M&A environment provided catalysts for strong equity market gains globally. Regional gains were broad based across both developed and emerging markets, with European leadership from Switzerland, UK, Italy and Russia, while strong gains in Asia continued in China, Japan and Australia. Currency trading volumes soared on dramatic moves including strong gains in the Euro against both the US dollar and Swiss Franc, while the US dollar posted strong gains against both the British Pound Sterling and the Japanese Yen, the later in response to aggressive economic stimulus measures and inflation targeting by the Bank of Japan.

Government bond yields rose sharply across UK Gilts, German Bunds & US Treasury bonds, while yields declined in Italy and Spain on improved outlook; while commodity gains were led by Platinum, Oil, Cotton & Corn. UCITS compliant hedge funds posted the seventh gain in last eight months, with the HFRU Hedge Fund Composite Index gaining +0.83% in January.

  • HFRU Equity Hedge Index rose +1.31% in January with contributions from exposure to European, Emerging Asian and Japanese equity and Financials, which were only partially offset by statistical arbitrage strategies.
  • HFRU Relative Value Index gained +0.73% in January, with gains across Convertible Arbitrage, FI Pairs Trading and Real Estate Exposures, which were partially offset by mixed performance across Commodity and Emerging Markets Arbitrage exposure.
  • HFRU Macro Index gained of +0.43% in January, with contributions from Global and Currency Discretionary strategies, which were partially offset by Systematic short-CTA and Active Trading strategies.
  • HFRU Event Driven Index posted a modest gain of +0.03% in January, with contributions from exposure to European risk arbitrage and credit oriented exposures, which were partially offset by declines in global merger arbitrage strategies.

HFR in pleased to announce the launch of the HFRU family of indices, which join industry-standard HFRX and HFRI Indices. The HFRU Indices are published on a daily basis and comprise the most comprehensive benchmarks of UCITS hedge fund performance available. HFRU Indices are representative of the complete universe of hedge funds compliant with UCITS guidelines, and include four strategy indices (Equity Hedge, Event Driven, Macro and Relative Value Arbitrage) and an aggregate HFRU Hedge Fund Composite Index...Full performance table: 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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  4. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  5. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro