Wed, Jul 29, 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 +0.43% 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. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  2. Launches - Ex-Brevan Howard star Rokos builds team for new fund, Former Och-Ziff manager’s firm starts health care hedge fund, Industry veterans launch commodity investment firm Aron Capital Management, Nikko Asset Management launches two UCITS funds, Capital Group plans to debut Asian investor targeted fund[more]

    Ex-Brevan Howard star Rokos builds team for new fund From WSJ.com: Chris Rokos, a former star trader at Brevan Howard Asset Management LLP, has hired an economist from Nomura to join the team he’s assembling for his much anticipated hedge fund launch. Mr. Rokos, whose firm is due to b

  3. Institutions - Pension fund dismisses Texas consultant, Rhode Island pension fund gets 2.2% investment return, far below assumed rate of 7.5%, New Jersey pension investments see a drop-off in returns[more]

    Pension fund dismisses Texas consultant From Sandiegouniontribute.com: The county retirement board on Thursday terminated the Texas consultant who was given the reins of the $10 billion pension fund, and whose investment picks left many employees and retirees feeling taken for a ride.

  4. SWFs - Sovereign wealth funds paid around $14 billion in fees[more]

    From SWFinstitute.org: When it comes to the financial sector, asset management is one of the most profitable industries in the world. The Boston Consulting Group put out a 2014 figure saying there is US$ 74 trillion worth of professionally-managed assets. One of the fastest growing institutional inv

  5. Investing - Carlyle teams with TCW in push for ordinary investors[more]

    From Bloomberg.com: Carlyle Group LP isn’t backing down from its goal of offering alternative strategies to the masses, despite early setbacks. The Washington-based firm is teaming up with TCW Group, which is majority owned by Carlyle funds, to offer three vehicles that give ordinary investors acces

 

banner