Mon, May 21, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFRU Hedge Fund Composite Index gains 0.48% through mid-October, 2.44% YTD

Thursday, October 17, 2013
Opalesque Industry Update - UCITS compliant Hedge funds posted gains through mid-October, with the HFRU Hedge Fund Composite Index gaining +0.48% through mid-October, 2013.

• HFRU Equity Hedge Index posted a gain of +0.88% through mid-October, with positive contributions from Emerging Markets with gains concentrated in India, Brazil, China, Emerging Europe and Turkey equity offset by declines in Western Europe and Renewable Energy exposure.

HFRU Event Driven Index posted a gain of +0.47% through mid-October, with positive contributions from European and Asian Equity Special Situations, Merger Arbitrage strategies and Emerging Markets credit exposure.

HFRU Relative Value Arbitrage Index posted a gain of +0.22% through mid-October, with gains in Multi-Strategy, Asset-Backed, Emerging Markets, Convertible Arbitrage and Real Estate strategies.

HFRU Macro Index posted a gain of +0.16% through mid-October, with positive contributions from Emerging Market and Global Discretionary strategies which were offset by declines in Commodity Metals exposure.

Global equity markets posted gains through mid-October, recovering early month losses through mid-month as financial markets attempted to discount the impact of US fiscal budget impasse, including both the possibilities for resolution as well as the consequences of failure to resolve. Gains were steady across US caps and sectors, with leadership from Healthcare, Technology and Oil Services. European equities also posted gains led by Spain, Russia and Italy, while Asian equity gains were led by China, India and the Philippines; Emerging Markets were led by gains across the BRIC economies. US yield posted modest increase as some institutions reduced holdings for short dated treasuries on increased default risk, government bond yields were modestly higher across UK Gilts, France, German Bunds, though yields declined across Italy and Spain; though both were narrowly changed, high yield credit tightened while investment grade spreads widened through mid-month. The US dollar traded in a narrow range through mid-month, essentially unchanged against the Euro & Japanese Yen, gaining against the British Pound Sterling while falling against the Brazilian Real & Australian Dollar. Oil & Natural Gas gained through mid-month while Gold & Platinum declined. Agricultural commodities also traded in a narrow range with trading volumes low as a result of the US government shutdowns limiting the release of many reports, gains in Sugar were offset by declines in Lean Hogs.

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

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. News Briefs - Warren Buffett: Target date funds aren't the way to go, Cambridge Analytica could be reborn under a different name[more]

    Warren Buffett: Target date funds aren't the way to go Planning for retirement can be complicated and stressful. This is why target date funds - funds that are managed based on when you expect to retire - are so attractive. Over time, the balance of stocks, bonds and cash evolve automati

  2. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  3. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven