Thu, Aug 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFRU reports declines across the board to mid-June: Composite index down 1.72%, up 0.98% year to date

Wednesday, June 19, 2013
Opalesque Industry Update - HFR's UCITS indices report the HFRU Event Driven Index posted a decline of -1.06% through mid-June, from declines in Asian and Brazilian Special Situations, Merger Arbitrage and Emerging Markets Credit strategies.

HFRU Relative Value Arbitrage Index declined -1.07% through mid-June, with declines in Emerging Markets, Convertible Arbitrage and Real Estate strategies, only partially offset by gains in Asset-Backed exposure and Volatility managers.

HFRU Macro Index posted a decline of -1.83% through mid-June, with declines in Systematic, Global and Emerging Markets strategies, which were partially offset by idiosyncratic commodity exposure.

HFRU Equity Hedge Index declined -2.11% through mid-June, with losses in Emerging Markets concentrated in Brazil, China and Turkey, partially offset by European equity exposure.

Global financial market volatility increased through mid-June, as investors reduced portfolio risk in anticipation of curtailment of stimulus measures by the US Federal Reserve and as a result of continuing secular unrest in Turkey & Syria. Asian, European and Emerging Market equities posted steep declines through mid-June, led by equities in Japan, South Africa, China, Turkey, Italy & Brazil. US equities posted narrow declines, with weakness in Commodity and Technology sensitive sectors partially offset by gains in Cyclical, Energy and Healthcare equities.

Government bond yields rose through mid-June, rising incrementally and trading in a volatile range after the sharp spike in May; TIPS yields rose as investors sold inflation protected bonds in anticipation of stimulus curtailment, driving real yields into positive territory for the first time in 18 months. Yields also rose across Europe, led by increases in Italy, Spain & Greece. Reversing previous month's gains, the US dollar fell sharply against developed market currencies including the Euro, British Pound Sterling, Japanese Yen and Swiss Franc, although the dollar gained against Emerging Market currencies. Energy and Agricultural commodities gained, led by Crude Oil, Cotton & Hogs, while Metals declined led by Copper & Aluminum. UCITS compliant Hedge funds posted declines, with the HFRU Hedge Fund Composite Index declining -1.72% through mid-June.

Press release

bc

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. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  2. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  3. Investors yank money from hedge funds after poor performance[more]

    From Marketwatch.com: A growing exodus from hedge funds extended to two of the biggest names in the industry Tuesday, Tudor Investment Corp. and Brevan Howard, as disenchanted investors increasingly shun what was once the hottest place to put money. The funds’ problem is clear: They just aren’t perf

  4. Banks look at hedge funds differently - and it should matter to allocators[more]

    From Valuewalk.com: Looking at two bank reports on the same topic can often yield interesting results. There are times when bank research is best viewed from the standpoint of how their analysis does or does not correlate with one another. Regarding hedge fund allocation decisions, one bank appears

  5. Legal - Hedge fund’s fixer kept deals flowing with bribes, U.S. says, Big four banks sued by U.S. hedge funds over BBSW, Lessons for hedge fund managers from the government's failed prosecution of alleged insider trading[more]

    Hedge fund’s fixer kept deals flowing with bribes, U.S. says From Bloomberg.com: With the Miami villa, stopovers at New York’s Plaza Hotel and millions channeled in bribes to win mining deals, Samuel Mebiame was the relationships guy in a corruption scheme that spanned continents, accord