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

HFR's UCITS hedge fund index down 1.08% so far in April (+1.28% YTD)

Friday, April 19, 2013
Opalesque Industry Update - UCITS-compliant Hedge Funds posted a decline through mid-April, with the HFRU Hedge Fund Composite Index declining -1.08%.

HFRU Equity Hedge Index declined -1.62% through mid-April from exposure concentrated in European equity and quantitative strategies, partially offset by idiosyncratic exposure to Emerging Europe, Asia and market neutral strategies.

HFRU Event Driven Index posted a decline of -0.20% through mid-April from exposure to Credit, Global Equity Special Situations and Merger Arbitrage strategies.

HFRU Macro Index declined of -1.09% through mid-April, from declines in Fixed Income, Commodity and quantitative CTA strategies and mixed performance of Multi-Strategy funds.

HFRU Relative Value Index posted a decline of -0.31% through mid-April, from exposure to Global Convertible and Corporate Arbitrage managers and gains in sovereign Fixed Income and Commodity strategies.

Commodities fell sharply through mid-April 2013 as Gold posted its worst daily decline in 30 years, while Silver, Platinum and Oil also posted sharp declines. Global equities posted declines as commodities fell, swinging from early month gains to mid-month losses. US equities declined through mid-month, with small cap and growth exposures leading declines; Commodity, Energy, Semiconductors and Telecom posted sharp losses only partially offset by gains in Healthcare & Biotechnology. European equities also posted declines across Germany, France, UK and Russia, with these only partially offset by gains in Italy & Spain. Japanese equities gained again as the Bank of Japan expanded stimulus measures with additional bonds buying and duration increases, extending declines of the Japanese Yen against most currencies; other Asian equities fell across China, India & Korea. The Japanese Yen fell to a 36-month low against the US dollar, but the dollar declined against the Euro, British Pound Sterling and Swiss Franc. As a result of the BoJ stimulus measures, investors aggressively bought government bonds across the US, UK, France, Italy, Spain & Switzerland, driving down yields led by gains in longer dated maturities; both high yield and investment grade credit tightened. Event Driven transactions included Thermo Fisher/Life Technologies, Dish Network/Sprint, Sinclair/Fisher Communications, T-Mobile/MetroPCS, among others.

Comments reflect performance figures as of April 16, 2013.

HFR announces 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.

Press release

WWW.HFRU.EU

Bg

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. Tourbillon Capital, a $3.4bn hedge fund that's been sounding the alarm about 'frothy speculation,' is suffering big losses[more]

    From Businessinsider.com: Tourbillon Capital, a $3.4 billion hedge fund firm led by Jason Karp, is suffering. The firm's flagship Global Master fund is down 3.5% for the first 17 days of November, bringing performance for the year to November 17 to a loss of 10.6%, according to a note to investors s

  2. Fund Profile - The Tiger of Silicon Valley: Glen Kacher's sizzling hedge fund[more]

    From Forbes.com: When you live and work in a town where the median home costs $2.7 million and hobnob with the executives of billionaire factories like Facebook and Tesla, it's easy to see why you might think technology stocks are invincible. So far in 2017, the Nasdaq Composite index has gained 25%

  3. Launches - Asset manager launches Europe's first bitcoin mutual fund, Prime Capital Aviation Debt Fund enables aviation debt investments for institutional investors[more]

    Asset manager launches Europe's first bitcoin mutual fund From Coindesk.com: A French asset manager has announced the launch of Europe's first mutual fund centered around bitcoin. Announced today, Tobam's alternative investment fund perhaps represents the latest bid to attract institutio

  4. Legal - Consumers say hedge fund financed illegal tribal lending, New York's highest court permits shareholder of a Cayman-incorporated company to bypass Cayman law and bring derivative action in New York[more]

    Consumers say hedge fund financed illegal tribal lending From Law360.com: Vermont residents on Tuesday hit a hedge fund with a proposed class action in federal court alleging it helped concoct a sham tribal payday lending scheme meant to skirt laws preventing companies from charging cons

  5. Investing - Tech still hedge funds' sweetheart sector: Goldman Sachs, Hedge funds haven't been this leveraged to buy stocks since the bull market began, Top financials hedge fund details short bet against Morningstar, Fund CRC presents an offer for Carige's consumer credit unit, Hedge funds sell shares in Altice USA after difficult quarter[more]

    Tech still hedge funds' sweetheart sector: Goldman Sachs From Reuters.com: Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and l