Wed, Aug 24, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFRU Hedge Fund Composite Index up 0.85% in March, 2.36% year to date

Wednesday, April 03, 2013
Opalesque Industry Update - The HFRU Hedge Fund Composite Index posted a gain of +0.85% in March, with leading contributions from Equity Hedge strategies.

HFRU Equity Hedge Index rose +1.20% in March with contributions from exposure to Japan, Emerging Eastern European and Emerging Asian equities partially offset by Western European and Latin American exposure.

HFRU Event Driven Index gained +0.68% in March, with contributions from European M&A, Distressed, Special Situations and hedged Credit exposures.

HFRU Macro Index gained +0.58% in March, with contributions from multi-commodity exposures, currency focused long-US dollar exposure and trend-following, quantitative CTA strategies.

HFRU Relative Value Index gained +0.61% in March, with contributions from US and Global Convertible Arbitrage, event driven convertibles and gamma trading and real estate exposures.

HFR's performance notes found that Global financial markets continued to extend gains through March as developed markets generally outperformed emerging markets, with US equities including both Dow Jones Industrial Average and S&P 500 closing the month and concluding 1Q13 at all-time record levels.

Banks in Cyprus were closed for an extended period in March, as lenders, creditors, depositors and legislators negotiated a bailout for the EU member's largest banks to avoid a banking collapse. Both European and Asian equities posted mixed performance in March; European gains in UK, Netherlands, Germany & Switzerland were offset by declines in Italy, Spain & Russia.

Japan continued to lead Asian & global equity performance for 2013, with the Nikkei gaining over 8% for the month and 20% for the quarter, Australia, China, Hong Kong and Korea posted declines in March. Broad based March gains in US were led by Technology, Cyclical and Energy, with additional strength from Financials, Commodity and Small Cap exposures.

The US dollar extend gains against the Euro, British Pound Sterling, and Japanese Yen, reaching highs of 4, 33 and 45 months, respectively. European yields fell across the UK, Germany & Netherlands while Italian bond yields rose for the month; US fixed income yields and credit spreads were little changed for the month, with modest declines on the front end contributing to a steepening. Natural Gas led commodity gains for the month, which were complemented by gains in Oil, Gold, Wheat and Cotton.

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. Opalesque Exclusive: Algorithms platform aims to target typical challenges found in quantitative hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Last month, Quantopian received investments from Point72 Ventures, the new venture capital arm of Steven Cohen’s Point72 Asset Management.

  2. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  3. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  4. Opalesque Roundtable: Low and high fee investments often better than mid fee hedge funds[more]

    Komfie Manalo, Opalesque Asia: Hedge funds that charge the low and high fees stuff often provide better returns than "those sort of mid-fee investments", said Keith Haydon, chief investment officer of Man FRM. (Alternative) investment managers who charge high fees would often provide the most int

  5. Hedge fund investors pull $5.7 billion in July[more]

    From Bloomberg.com: Hedge funds suffered a third consecutive month of outflows in July as investors withdrew $5.7 billion, according to industry tracker Eurekahedge. Redemptions totaled $20.7 billion in the three months through July, with money managers betting on equities suffering $18.4 bill