Sat, Dec 3, 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 +0.43% in May (+2.75% YTD)

Wednesday, June 05, 2013
Opalesque Industry Update: Equity markets posted gains for the month despite paring gains in a late-month sell off as government bond yields rose on improving US economic data and expectations for a reduction of bond purchase stimulus measures by the Federal Reserve. European equities posted strong gains, led by Germany, with contributions from the Netherlands, Italy, France and the UK. Asian equities were mixed as the Nikkei experienced a sharp intra-month reversal, ending the month with a narrow decline; China, India and Korea also gained while Australia and Hong Kong declined. Emerging Markets equities declined, with weakness concentrated in both Russian and Latin America. US equities led gains for May, with positive contributions across all market capitalizations with sector leadership from Technology, Financials, Cyclicals and Healthcare. Bond yields rose with US 10 year bond yields rising nearly 50 bps for the month, yields also rose across UK Gilts, France, German Bunds, Italy, Spain, Switzerland and Japan, while Greek bond yields fell sharply on improved fiscal outlook and austerity measures; investment grade credit widened while volatility rose for the month. The US dollar posted strong gains across most currencies, eclipsing a 4 year high of 100 against the Japanese Yen; the Dollar also gained against the British Pound, Euro, Swiss Franc, Australian Dollar and South African Rand. Declines continued across most commodities led by Gold, Silver, Oil, Natural Gas, Lumber, Cotton and Sugar. UCITS compliant Hedge funds posted gains, with the HFRU Hedge Fund Composite Index rising +0.43% for May.

  • HFRU Equity Hedge Index rose +1.21% for May, with positive contributions from European small and micro cap exposures, MENA, Emerging Asia and Technology equities.
  • HFRU Event Driven Index posted a gain of +0.78% for May, with positive contributions from European Special Situations, Credit Arbitrage and Merger Arbitrage with macro overlay.
  • HFRU Relative Value Arbitrage Index posted a narrow gain of +0.02% for May, with gains from Volatility & Convertible Arbitrage, Asset Backed and Real Estate strategies, which were partially offset by Emerging Market and interest rate sensitive exposures.
  • HFRU Macro Index declined -0.35% for May, with positive contributions Currency exposures offset by weakness in Commodity strategies and short term trend following strategies; performance was mixed across systematic and global discretionary managers.

HFRU

Press Release

BM

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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Europe - UK investors to pay more tax on money in offshore funds, Do you want to hand your money to super-algo or a Swiss banker?[more]

    UK investors to pay more tax on money in offshore funds From FT.com: Hedge funds in Dublin and Luxembourg are set to be hit by new rules that will force UK investors to pay more tax on the money they hold in offshore funds. As part of the government’s Autumn Statement on the country’s fi

  3. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  4. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  5. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan