Sat, May 30, 2015
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. Opalesque Exclusive: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Iceland’s failed banks face a tax that targets the lenders’ estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltz’s Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltz’s Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltz’s Trian Fund Management’s filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AM’s latest Weekly Briefing, in t

  5. Billionaire hedge fund investor Odey says April 'bloody', has cut risk[more]

    From Reuters/Yahoo.com: Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros (2 billion pounds) Odey European Inc fund in April, a letter to investors seen by Reuters showed. Describing the month as "bloody", Odey

 

banner