Thu, Oct 27, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFRU Hedge Fund Composite Index up 0.85% in March, 2.36% year to date

Wednesday, April 03, 2013
Opalesque Industry Update - The HFRU Hedge Fund Composite Index posted a gain of +0.85% in March, with leading contributions from Equity Hedge strategies.

HFRU Equity Hedge Index rose +1.20% in March with contributions from exposure to Japan, Emerging Eastern European and Emerging Asian equities partially offset by Western European and Latin American exposure.

HFRU Event Driven Index gained +0.68% in March, with contributions from European M&A, Distressed, Special Situations and hedged Credit exposures.

HFRU Macro Index gained +0.58% in March, with contributions from multi-commodity exposures, currency focused long-US dollar exposure and trend-following, quantitative CTA strategies.

HFRU Relative Value Index gained +0.61% in March, with contributions from US and Global Convertible Arbitrage, event driven convertibles and gamma trading and real estate exposures.

HFR's performance notes found that Global financial markets continued to extend gains through March as developed markets generally outperformed emerging markets, with US equities including both Dow Jones Industrial Average and S&P 500 closing the month and concluding 1Q13 at all-time record levels.

Banks in Cyprus were closed for an extended period in March, as lenders, creditors, depositors and legislators negotiated a bailout for the EU member's largest banks to avoid a banking collapse. Both European and Asian equities posted mixed performance in March; European gains in UK, Netherlands, Germany & Switzerland were offset by declines in Italy, Spain & Russia.

Japan continued to lead Asian & global equity performance for 2013, with the Nikkei gaining over 8% for the month and 20% for the quarter, Australia, China, Hong Kong and Korea posted declines in March. Broad based March gains in US were led by Technology, Cyclical and Energy, with additional strength from Financials, Commodity and Small Cap exposures.

The US dollar extend gains against the Euro, British Pound Sterling, and Japanese Yen, reaching highs of 4, 33 and 45 months, respectively. European yields fell across the UK, Germany & Netherlands while Italian bond yields rose for the month; US fixed income yields and credit spreads were little changed for the month, with modest declines on the front end contributing to a steepening. Natural Gas led commodity gains for the month, which were complemented by gains in Oil, Gold, Wheat and Cotton.

Press release


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. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  2. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa

  3. Investing - Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities, Lansdowne's Roden says likes animal genetics company Genus[more]

    Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities From As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redem

  4. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion

  5. Opalesque Roundtable: Style drift, poor communications and credibility fatigue are biggest red flags for hedge funds investors[more]

    Komfie Manalo, Opalesque Asia: Style drift, poor communications and credibility fatigue are the biggest red flags for hedge funds investors, said participants of the latest 2016 Opalesque Investor Roundtable, sponso