Fri, Oct 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFRU Hedge Fund Composite Index posts narrow decline of -0.05% in April (+2.33% YTD)

Friday, May 03, 2013
Opalesque Industry Update - Hedge funds compliant with UCITS posted a modest decline for April 2013, with the HFRU Hedge Fund Composite Index posting a narrow decline of -0.05%, with gains in Event Driven & Relative Value Arbitrage offset by declines in Equity Hedge & Macro strategies.

HFRU Relative Value Index posted a gain of +0.33% for April, the 11th consecutive monthly gain for the Index, with positive contributions from European fixed income, Japanese and European convertible exposure and Real Estate exposure.

HFRU Event Driven Index posted a gain of +0.21% for April, with positive contributions from Asian M&A and Special Situations, hedged Emerging Markets ED exposure and Global capital structure arbitrage exposures.

HFRU Macro Index posted a narrow decline of -0.06% for April, with positive contributions from trend following, systematic CTA Macro strategies offset by Discretionary Macro strategies with exposure to Commodities & Gold. UCITS Currency strategies produced mixed performance for the month.

HFRU Equity Hedge Index posted a decline of -0.21% for April, the first decline for the Index in 10 months, as positive contributions from exposure to Financials and Japanese & European equities were offset by declines in Russian & Latin American equities and commodity-sensitive exposures.

Global financial markets recovered from a sharp intra-month commodity decline, as US large cap equities ended the month of April at record highs once again. European equities were led by Italian equities, which posted a large gain on optimism over recent political developments; equities in France, Spain, Netherlands, Germany and Switzerland also gained. Global equity markets were mixed for the month, with gains in US large cap, Technology, Healthcare and Financials partially offset by weakness in small cap, Energy and commodity sensitive exposures. The Nikkei again led gains for Asian equities, Australia, Philippines & India also gained, while China & Korea posted declines. Commodities fell sharply for the month, with Gold posting the largest 2 day decline in over 30 years; Silver, Platinum and Oil also posted sharp declines. Agricultural commodities were mixed with sharp gains in Hogs and Soybeans offset by declines in Lumber & Rice. US & European bond yields posted declines, led by the sharp decline in Italian bond yields; US yields fell across most maturities, as yields also declined in France, Spain, Netherlands, Germany and Switzerland. The US dollar gained to a new 4 year high against the Japanese Yen on expectations of continued Bank of Japan stimulus, although the US Dollar declined against the Pound, Euro & Swiss Franc. Global M&A activity continued with contributions from transactions in FirstMerit/Citizens Republic Bancorp, KKR/Gardner Denver, Renasant/First M&F, Liberty Global/Virgin Media and Berkshire/Heinz.

***

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. WWW.HFRU.EU

Press release

recent related coverage:
19.04.2013 - HFR's UCITS hedge fund index down 1.08% so far in April (+1.28% YTD) Source

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t