Sat, Jul 26, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFRI Fund Weighted Composite Index gained +1.82% in July (+1.52% YTD)

Friday, August 06, 2010
Opalesque Industry Update - Hedge Funds returned to positive territory for 2010 in July, as the HFRI Fund Weighted Composite Index gained +1.82%; the gain reverses two consecutive months of declines and brings index performance YTD 2010 to +1.52%.

Global equity markets posted strong gains for the month as concerns about sovereign credit risk subsided, while investors were reassured by a number of developments including public equity and debt issuance, bank earnings and stress tests results and the passage of a framework for US financial reform. July gains for the hedge fund industry followed a capital inflow of $9.5 Billion in 2Q10; all main strategy areas contributed to positive performance for the month.

· Equity Hedge funds had the most positive contribution to industry performance, with the HFRI Equity Hedge (Total) Index gaining +2.88%. Nearly all EH sub-strategies had a positive contribution, with Fundamental Growth and Energy & Basic Materials posting the strongest gains. Equity Market Neutral strategies gained +0.88%, while Short Bias funds posted a loss of -6.3%.

· The HFRI Macro (Total) Index posted a gain of +0.28% for July, as gains in Macro Discretionary and Active Trading were partially offset by losses in Systematic trend following strategies and Commodity exposure. Volatile and divergent trends across currency and commodities contributed to a challenging environment for trend following strategies, with the Macro: Systematic Diversified Index posting a decline of -0.29%.

· Event Driven funds posted a gain of +2.19% as liquidity & risk tolerance continued to improve and equity and fixed income issuance proceeded throughout the month. All ED sub-strategies had a positive contribution, with Activist and Special Situations posting the strongest gains.

· Relative Value funds posted a gain of +1.50% on a continuation of strong corporate credit markets, with top contributions from Convertible Arbitrage and Energy Infrastructure exposure. Since December 2008, RVA has posted gains in 18 of 19 months and is the top performing area of the hedge fund industry in 2010, with a YTD gain of +5.33%.

· The HFRI Emerging Markets (Total) Index gained +3.77% with top contributions from Latin America & Russia/Eastern Europe Funds.

· The HFRI Fund of Funds Index gained +0.74% with top contributions from FOF: Strategic strategies.

Source

kb

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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  4. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  5. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag