Fri, Apr 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFR's UCITS hedge fund index down 1.08% so far in April (+1.28% YTD)

Friday, April 19, 2013
Opalesque Industry Update - UCITS-compliant Hedge Funds posted a decline through mid-April, with the HFRU Hedge Fund Composite Index declining -1.08%.

HFRU Equity Hedge Index declined -1.62% through mid-April from exposure concentrated in European equity and quantitative strategies, partially offset by idiosyncratic exposure to Emerging Europe, Asia and market neutral strategies.

HFRU Event Driven Index posted a decline of -0.20% through mid-April from exposure to Credit, Global Equity Special Situations and Merger Arbitrage strategies.

HFRU Macro Index declined of -1.09% through mid-April, from declines in Fixed Income, Commodity and quantitative CTA strategies and mixed performance of Multi-Strategy funds.

HFRU Relative Value Index posted a decline of -0.31% through mid-April, from exposure to Global Convertible and Corporate Arbitrage managers and gains in sovereign Fixed Income and Commodity strategies.

Commodities fell sharply through mid-April 2013 as Gold posted its worst daily decline in 30 years, while Silver, Platinum and Oil also posted sharp declines. Global equities posted declines as commodities fell, swinging from early month gains to mid-month losses. US equities declined through mid-month, with small cap and growth exposures leading declines; Commodity, Energy, Semiconductors and Telecom posted sharp losses only partially offset by gains in Healthcare & Biotechnology. European equities also posted declines across Germany, France, UK and Russia, with these only partially offset by gains in Italy & Spain. Japanese equities gained again as the Bank of Japan expanded stimulus measures with additional bonds buying and duration increases, extending declines of the Japanese Yen against most currencies; other Asian equities fell across China, India & Korea. The Japanese Yen fell to a 36-month low against the US dollar, but the dollar declined against the Euro, British Pound Sterling and Swiss Franc. As a result of the BoJ stimulus measures, investors aggressively bought government bonds across the US, UK, France, Italy, Spain & Switzerland, driving down yields led by gains in longer dated maturities; both high yield and investment grade credit tightened. Event Driven transactions included Thermo Fisher/Life Technologies, Dish Network/Sprint, Sinclair/Fisher Communications, T-Mobile/MetroPCS, among others.

Comments reflect performance figures as of April 16, 2013.

HFR announces the launch of the HFRU family of indices, which join industry-standard HFRX and HFRI Indices. 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.

Press release

WWW.HFRU.EU

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
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: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance