Wed, Oct 1, 2014
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 +0.82% through mid-January

Saturday, January 18, 2014
Opalesque Industry Update - UCITS compliant Hedge funds posted gains, with the HFRU Hedge Fund Composite Index gaining +0.82% through mid-January.

HFRU Equity Hedge Index posted a gain of +1.39% through mid-January, with positive contributions from Global Healthcare, European and MENA equities offset by declines in exposures to Brazil and China.

HFRU Event Driven Index posted a gain of +0.73% through mid-January, with contributions from European Equity Special Situations and Emerging Markets Fixed Income strategies, while Merger Arbitrage managers had mixed performance and Asian exposure experienced declines.

HFRU Macro Index posted a gain of +0.18% through mid-January, with performance from Commodity – Precious Metals and Systematic Fixed Income strategies, partially offset by declines in discretionary macro managers.

HFRU Relative Value Arbitrage Index posted a gain of +0.66% through mid-January, with gains in Global Convertible, Fixed Income and Real Estate strategies, offset by declines in Volatility managers.

Global financial markets posted mixed performance to begin 2014, as the expectations for continued US economic improvement remained robust, with both Gold and the US Dollar gaining to begin the year, despite the weak employment report. Global equity markets were also mixed, with European gains offsetting Asian and Emerging Market declines while US equities differed across sectors and market caps. European gains were led by strong gains in Italy and Spain, while Switzerland, Germany and the UK also posted gains; China led declines across Asia, with additional declines across Korea, Japan & Australia. US equities were led by Biotechnology, REITs, Healthcare and Commodity sensitive, which were partially offset by declines in Energy and Retail. The US Dollar gained against the British Pound Sterling and Euro to start the year, despite declining against the Japanese Yen. Yields declined across developed markets including the US, Canada, UK, Germany and Japan, with the US curve flattening on gains in long dated maturities, while high yield and investment grade credit tightened. Metals gained led by Gold, Platinum and Silver, while Oil and Energy Commodities declined. Sugar and Wheat led agricultural commodity declines, only partially offset by Cattle and Cocoa.

Press release

WWW.HFRU.EU

Comments reflect performance figures as of January 15, 2014.

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.

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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is