Fri, May 26, 2017
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. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  2. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  3. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  4. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  5. J.P. Morgan Asset Management launches ultra-short income ETF[more]

    Komfie Manalo, Opalesque Asia: J.P. Morgan Asset Management, the $1.5tln investment management arm of JPMorgan Chase & Co., has launched the JPMorgan Ultra-Short Income ETF (JPST), an actively managed ETF that seeks to provide current incom