Fri, Nov 28, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFRU Hedge Fund Composite Index gains +1.18% through mid-July (currently +1.35% YTD)

Thursday, July 18, 2013
Opalesque Industry Update - UCITS compliant Hedge funds posted gains, with the HFRU Hedge Fund Composite Index gaining +1.18% through mid-July.

• HFRU Equity Hedge Index posted a gain of +1.88% through mid-July, 2013, with contributions from Healthcare, Emerging Europe and Technology sectors, partially offset by positioning in Brazil and India.

• HFRU Event Driven Index posted a gain of +1.11% through mid-July, with contributions from European and Asian Equity Special Situations and Global Merger Arbitrage strategies.

• HFRU Macro Index posted a gain of +0.91% through mid-July, with contributions from Systematic strategies concentrated in Currencies and Commodities, which were partially offset by Active Trading and Volatility strategies.

• HFRU Relative Value Arbitrage Index gained +0.39% through mid-July, with gains in Real Estate, Global Convertible and Fixed Income strategies, only partially offset by Volatility and Fixed Income: Asset-Backed strategies.

Global equity markets recovered much of the June declines through mid-July as investor concerns over near term extraction of stimulus measures by US Federal Reserve subsided; equities posted gains across most regions, balanced across the US, European, Asian and Emerging Markets. European equities also gained across most regions, led by strength in the Netherlands, Russia, Sweden and the UK; Asian equities also posted gains led by Japan, China & Australia. US gains were led by small cap and Technology exposures, with sector strength in Biotechnology, Energy and Semiconductors, as implied volatility declined through mid-month.

European government bond yields declined for the month through mid-July, led by declines in Germany, France, Hungary and the Netherlands; Asian bond yields were mixed rising in China and Hong Kong while falling in Japan. The US yield curve steepened, rising is longer dated maturities while short dated yields fell, high yield credit tightened after sharp June losses.

The US dollar traded in narrow range through mid-July, gaining against the British Pound Sterling & Japanese Yen, while falling against the Euro & Canadian Dollar. Energy & Metals Commodities partially recovered from June declines, with mid-July gains led by Oil, Platinum and Silver, while Agricultural commodities were mixed with gains in Wheat & Cocoa offset by declines in Corn & Soybeans.

Press release

WWW.HFRU.EU

Bg

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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed