Mon, May 2, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFRU Hedge Fund Composite Index posts narrow decline of -0.05% in April (+2.33% YTD)

Friday, May 03, 2013
Opalesque Industry Update - Hedge funds compliant with UCITS posted a modest decline for April 2013, with the HFRU Hedge Fund Composite Index posting a narrow decline of -0.05%, with gains in Event Driven & Relative Value Arbitrage offset by declines in Equity Hedge & Macro strategies.

HFRU Relative Value Index posted a gain of +0.33% for April, the 11th consecutive monthly gain for the Index, with positive contributions from European fixed income, Japanese and European convertible exposure and Real Estate exposure.

HFRU Event Driven Index posted a gain of +0.21% for April, with positive contributions from Asian M&A and Special Situations, hedged Emerging Markets ED exposure and Global capital structure arbitrage exposures.

HFRU Macro Index posted a narrow decline of -0.06% for April, with positive contributions from trend following, systematic CTA Macro strategies offset by Discretionary Macro strategies with exposure to Commodities & Gold. UCITS Currency strategies produced mixed performance for the month.

HFRU Equity Hedge Index posted a decline of -0.21% for April, the first decline for the Index in 10 months, as positive contributions from exposure to Financials and Japanese & European equities were offset by declines in Russian & Latin American equities and commodity-sensitive exposures.

Global financial markets recovered from a sharp intra-month commodity decline, as US large cap equities ended the month of April at record highs once again. European equities were led by Italian equities, which posted a large gain on optimism over recent political developments; equities in France, Spain, Netherlands, Germany and Switzerland also gained. Global equity markets were mixed for the month, with gains in US large cap, Technology, Healthcare and Financials partially offset by weakness in small cap, Energy and commodity sensitive exposures. The Nikkei again led gains for Asian equities, Australia, Philippines & India also gained, while China & Korea posted declines. Commodities fell sharply for the month, with Gold posting the largest 2 day decline in over 30 years; Silver, Platinum and Oil also posted sharp declines. Agricultural commodities were mixed with sharp gains in Hogs and Soybeans offset by declines in Lumber & Rice. US & European bond yields posted declines, led by the sharp decline in Italian bond yields; US yields fell across most maturities, as yields also declined in France, Spain, Netherlands, Germany and Switzerland. The US dollar gained to a new 4 year high against the Japanese Yen on expectations of continued Bank of Japan stimulus, although the US Dollar declined against the Pound, Euro & Swiss Franc. Global M&A activity continued with contributions from transactions in FirstMerit/Citizens Republic Bancorp, KKR/Gardner Denver, Renasant/First M&F, Liberty Global/Virgin Media and Berkshire/Heinz.

***

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. WWW.HFRU.EU

Press release

recent related coverage:
19.04.2013 - HFR's UCITS hedge fund index down 1.08% so far in April (+1.28% YTD) Source

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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n