Wed, Dec 2, 2015
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


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. David Einhorn's hedge fund plunged 5.2% in November, set for 2015 loss[more]

    From David Einhorn’s main hedge fund at Greenlight Capital fell 5.2 percent in November and is poised for only its second losing year in almost two decades. The losses bring the fund’s yearly drop to almost 21 percent, according to an e-mail sent to clients that was obtained by Bloomb

  2. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  3. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  4. Commodities - Stung by oil, distressed-debt traders see worst losses since '08[more]

    From It’s mid-November, but for investors who trade in the debt of distressed companies, the year’s already done -- and they lost. Hedge funds that specialize in the debt are grappling with their worst declines in seven years. Funds managed by Knighthead Capital Management, Candlewood

  5. Regulatory - Major changes in partnership audit procedures contained in 2015 Budget Act[more]

    Contained in the Bipartisan Budget Act of 2015, signed by President Obama on November 2, is a rather complex provision that materially changes how partnerships are audited. Generally effective for tax years beginning after December 31, 2017, the so-called “TEFRA” and “Electing Large Partnership” rul