Sat, Dec 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFRU figures show 0.86% return to mid-March, 2.26% year to date

Tuesday, March 19, 2013
Opalesque Industry Update - HFRU Hedge Fund Composite Index gained +0.86% through mid-March, with leading contributions from Equity Hedge strategies.

HFRU Equity Hedge Index gained +1.09% through mid-March, with contributions from exposure to European Financials, Japan, Emerging Eastern European and US small cap equities.

HFRU Event Driven Index gained +0.71% through mid-March, with contributions from European M&A and US Special Situations exposures.

HFRU Macro Index gained +0.69% through mid-March, with contributions from Emerging Markets, tactical currency and trend-following quantitative CTA exposures.

HFRU Relative Value Index gained +0.68% through mid-March, with contributions from convertible arbitrage, pairs trading and real estate exposures.

HFRX writes: Financial markets extended early 2013 gains into mid-March, as both US and European equities and the US dollar gained through mid-month. European equities posted broad-based gains through mid-month as most European currencies fell against the dollar, with equity gains led by Spain, Germany, France, Switzerland and the Netherlands. Asian equities were mixed through mid-month, with another strong gain in Japanese equities complemented by gains in India & Thailand offsetting declines in China, Hong Kong and Australia. US equities eclipsed record highs as the DJIA rose through mid-March, with the S&P 500 approaching a record level while the Nasdaq also posted gains. Broad-based gains were led by sector strength in Financials, Cyclicals, Technology and Telecom; small cap equities also posted strong gains. The US dollar gained to a 45 month high against the Japanese yen on continued Bank of Japan stimulus, while rising to 32 month high against the British Pound, and also gaining against the Euro and Swiss Franc. US yields rose as the yield curve steepened; yields fell across Spain, Italy and France but with little change across Germany, Netherlands or the UK, while commodities gains were led by Natural Gas and Cotton. M&A remained active as credit remained tight, with contribution from positioning in Liberty Global /Virgin Media, Sprint Nextel/Clearwire and the Dell buyout.

Press release

bc

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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und

  5. Performance - Lansdowne, Man Group, other hedge funds profit from shorts in oil, Turmoil boosts hedge funds that bet against Russia, oil, CTAs post strongest returns since December 2010[more]

    Lansdowne, Man Group, other hedge funds profit from shorts in oil From Valuewalk.com: The rising short interest in oil companies implies that the worst for oil is yet to come. Data from Markit shows that short exposure in energy sector of S&P 500 is still looming close to the highest mar