Sun, Mar 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 -0.20% in August, +0.92% YTD

Thursday, September 05, 2013
Opalesque Industry Update - UCITS compliant Hedge funds posted a decline for the month but outperformed the broader hedge fund industry, with the HFRU Hedge Fund Composite Index declining -0.20% in August 2013.

• HFRU Relative Value Arbitrage Index posted a modest decline of -0.04% in August, with gains in Volatility strategies and hedged Fixed Income exposure, offset by declines in Emerging Markets, Real Estate and Japanese Convertibles exposures.

HFRU Event Driven Index posted a narrow decline of -0.06% in August, with positive contributions from European Equity Special Situations and Asian Credit strategies offset by declines in Emerging Markets Fixed Income exposure; Global & European M&A had mixed contribution to Index performance.

HFRU Macro Index posted a narrow decline of -0.08% in August, with positive contributions from Systematic Commodity managers which were offset by declines in Global Discretionary, Currency and Emerging Markets strategies.

HFRU Equity Hedge Index posted a decline of -0.40% in August, with positive contributions from European and Chinese equity exposure offset by declines in Emerging Markets concentrated in Turkey, India, Brazil and Latin America.

Global financial markets declined in August as Emerging Market equities and currencies extended prior month declines, and investors positioned for volatility associated with reduction of stimulus by the US Federal Reserve and uncertainty over possible military conflict in the Middle East. Losses across Emerging Markets were widespread across the Middle East, Turkey, Egypt, India, Russia & Thailand, while Brazil and China posted gains partially offsetting prior month losses.

European equities declined, led by the UK, France & Germany, while Asian equities were mixed with losses in Japan offset by gains in China & Australia.

US equities posted the worst monthly decline for 2013, with declines across most sectors led by Large Cap, Financials, Real Estate, Technology and Healthcare.

Despite the weakness, yields rose across UK Gilts, German Bunds, the Netherlands and France, while both investment grade and high yield credit widened. US government bond yields rose with increases concentrated in shorter maturities as the yield curve flattened.

The US Dollar was mixed against developed market currencies, rising against the Euro while falling against the British Pound Sterling, however Emerging Market currencies continued to fall against the US Dollar, with declines led by the Indian Rupee, Mexican Peso, Brazilian Real and South African Rand.

Energy and Metals commodities gained on the prospects of supply disruptions, led by gains in Oil, Natural Gas, Silver, Gold and Platinum, while Agricultural commodities generally posted declines led by Coffee, Sugar, and Wheat & Live Hogs.

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner