Sat, Oct 22, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFRU Hedge Fund Composite Index gains +1.18% through mid-July (currently +1.35% YTD)

Thursday, July 18, 2013
Opalesque Industry Update - UCITS compliant Hedge funds posted gains, with the HFRU Hedge Fund Composite Index gaining +1.18% through mid-July.

• HFRU Equity Hedge Index posted a gain of +1.88% through mid-July, 2013, with contributions from Healthcare, Emerging Europe and Technology sectors, partially offset by positioning in Brazil and India.

• HFRU Event Driven Index posted a gain of +1.11% through mid-July, with contributions from European and Asian Equity Special Situations and Global Merger Arbitrage strategies.

• HFRU Macro Index posted a gain of +0.91% through mid-July, with contributions from Systematic strategies concentrated in Currencies and Commodities, which were partially offset by Active Trading and Volatility strategies.

• HFRU Relative Value Arbitrage Index gained +0.39% through mid-July, with gains in Real Estate, Global Convertible and Fixed Income strategies, only partially offset by Volatility and Fixed Income: Asset-Backed strategies.

Global equity markets recovered much of the June declines through mid-July as investor concerns over near term extraction of stimulus measures by US Federal Reserve subsided; equities posted gains across most regions, balanced across the US, European, Asian and Emerging Markets. European equities also gained across most regions, led by strength in the Netherlands, Russia, Sweden and the UK; Asian equities also posted gains led by Japan, China & Australia. US gains were led by small cap and Technology exposures, with sector strength in Biotechnology, Energy and Semiconductors, as implied volatility declined through mid-month.

European government bond yields declined for the month through mid-July, led by declines in Germany, France, Hungary and the Netherlands; Asian bond yields were mixed rising in China and Hong Kong while falling in Japan. The US yield curve steepened, rising is longer dated maturities while short dated yields fell, high yield credit tightened after sharp June losses.

The US dollar traded in narrow range through mid-July, gaining against the British Pound Sterling & Japanese Yen, while falling against the Euro & Canadian Dollar. Energy & Metals Commodities partially recovered from June declines, with mid-July gains led by Oil, Platinum and Silver, while Agricultural commodities were mixed with gains in Wheat & Cocoa offset by declines in Corn & Soybeans.

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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. 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

  5. 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