Sat, May 30, 2015
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: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Icelandís failed banks face a tax that targets the lendersí estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltzís Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltzís Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltzís Trian Fund Managementís filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AMís latest Weekly Briefing, in t

  5. Billionaire hedge fund investor Odey says April 'bloody', has cut risk[more]

    From Reuters/Yahoo.com: Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros (2 billion pounds) Odey European Inc fund in April, a letter to investors seen by Reuters showed. Describing the month as "bloody", Odey

 

banner