Sat, Jul 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS compliant hedge funds down 2.33% in June, up 0.35% year to date says HFRU

Wednesday, July 03, 2013
Opalesque Industry Update - UCITS compliant Hedge funds posted declines, with the HFRU Hedge Fund Composite Index declining -2.33% in June. HFRU Relative Value Arbitrage Index declined -1.57% in June, with declines in Emerging Markets, Real Estate and Fixed Income strategies, only partially offset by gains in Asset-Backed strategies, tactical sovereign debt exposure and Volatility strategies.

HFRU Event Driven Index posted a decline of -1.70% in June, with declines in Merger Arbitrage, Emerging Markets debt, Asian and European Special Situations strategies.

HFRU Macro Index posted a decline of -2.52% in June, with declines in Systematic, Metals, Risk Parity and Emerging Markets strategies, which were partially offset by Commodity, Active Trading and Volatility strategies.

HFRU Equity Hedge Index declined -2.76% in June, with losses in Emerging Markets concentrated in Brazil, Turkey, China and India, partially offset by hedged European and Japanese equity exposure.

HFR's June performance notes included: Global financial market volatility persisted throughout June as investors positioned for a reduction of stimulus efforts and bond purchases by the US Federal Reserve. US Treasury bonds posted sharp declines as yields rose sharply for the 2nd consecutive month, with 10 year bond yields topping 2.5 percent, an increase of over 80 basis point in 2 months. Government bonds yields also rose across UK, France, Germany, Italy, Spain and Switzerland; high yield credit also posted declines, with yields rising approximately 200 basis points for the month of June.

Gold and other Metals posted steep declines on expectations for reduced stimulus by the US Federal Reserve; Gold & Silver declined over -12 percent for the month. Global equities posted declines led by European, Asian and Emerging Markets exposures; China, Italy and Brazil posted the steepest declines, while Hong Kong, France, UK, Germany, Spain, Argentina, Turkey and the Netherlands all posted significant declines.

US equities posted more moderate declines, with the S&P 500 falling -1.5 percent, with declines in Commodity sensitive and Technology partially offset by gains in Energy. Following May's sharp gains, the US dollar was mixed against global currencies, posting narrow declines against the Euro, Japanese Yen & British Pound Sterling while gaining against commodity currencies including Australian Dollar, Brazil Real and New Zealand Dollar.

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. Already above average, Singapore high-networth investors add hedge funds and alternative investments[more]

    Komfie Manalo, Opalesque Asia: An above-average proportion of Singaporean HNW wealth is allocated to alternative investments - the majority of which is held in hedge funds, according to the latest research by ReportLinker. In its report entitled, Wealth in Singapore: HNW Investors 2017

  2. Launches - Crypto boom: 15 new hedge funds want in on 84,000% returns, Crypto madness is striking VCs as Union Square analyst leaves to start new fund[more]

    Crypto boom: 15 new hedge funds want in on 84,000% returns From Forbes.com: With 43 projects raising $1.2 billion in initial coin offerings since May 1, according to Nick Tomaino's The Control, and with stratospheric returns for so many ICOs -- 82,000% for Ethereum, 56,000% for IOTA, 44,

  3. FinTech - The machines are coming... Elon Musk's grim warning, Tezos' $232 million ICO may just be the beginning, A gentle introduction to Initial Coin Offerings (ICOs), Billion dollar tokens, ICOS & crazy market swings WTF is going on!?, How AI is changing the way we invest, How the tech revolution is bringing flip-flops and beanbags to Wall Street, A 'machine-learning' approach to venture capital[more]

    The machines are coming... Elon Musk's grim warning From Tenplay.com.au: Tesla chief Elon Musk has called on US Governors to take 'decisive' action to curtail "the greatest risk we face as a civilization": Artificial Intelligence, or AI. Speaking at a meeting of the National Governor Ass

  4. News Briefs – Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9%, Rwanda: Global hedge fund to increase investments[more]

    Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9% Sears Holdings has landed a fresh line of credit, valued at $200 million, from its CEO Eddie Lampert's hedge fund, the retailer said Monday. Sears' stock climbed about 9 percent higher Monda

  5. Despite current limits, robo-advisors will be preferred investment solution for retail, gain importance for affluent and high net worth[more]

    Matthias Knab, Opalesque: Flynt, a Swiss FinTech focusing on proprietary technology platform for private and institutional clients, has published a brief paper on "Investing in the world of robo-advice and passive instruments". As investors will become more reluctant to pay for investment advi