Thu, Jul 27, 2017
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 1.02% in September (2.14% YTD)

Thursday, October 03, 2013
Opalesque Industry Update - UCITS compliant Hedge funds posted rose in the month, with the HFRU Hedge Fund Composite Index gaining +1.02% for September.

• HFRU Equity Hedge Index posted a gain of +2.21% for September, 2013, the strongest gain since July 2012, with contributions from Emerging Markets with gains concentrated in Turkey, India, Brazil and Emerging Europe equities. Exposure to US, Japan and Technology also contributed to gains.

HFRU Event Driven Index posted a gain of +0.90% for September, with positive contributions from European Equity Special Situations and Emerging Markets Fixed Income strategies; Global & European M&A also had Index performance as credit tightened, a number of IPOs received strong investor interest and US corporate issuance set a monthly record.

HFRU Relative Value Arbitrage Index posted a gain of +0.47% for September, with gains in Emerging Markets Fixed Income, European and Japanese Convertibles and Real Estate exposures, as yields fell on continued US fed bond purchases and record US corporate issuance contributed to gains.

HFRU Macro Index posted a modest decline of -0.07% for September, with positive contributions from Currency, Global Discretionary and Emerging Markets strategies offset by declines in Systematic & Commodity exposures on commodity weakness and short fixed income exposures.

Financial markets gained in September as the US Federal Reserve elected not to taper its bond purchases, while into month end, investors prepared for US government shutdown over the budget bill impasse. Global equity markets posted broad-based gains for September, recovering August losses despite declining into month end, with gains across US, European, Asian & Emerging Markets regions. German election results contributed favorably to investor risk tolerance, with European equities led by gains in Germany, Spain, France, Russia & Italy. Sector gains were led by Technology, Cyclicals, Energy & Financial, with leadership also from small cap & growth equities. Asian and Emerging Markets also gained for the month, with leadership from Japan, China, Brazil, Hong Kong, Korea & Thailand. The US dollar posted sharp declines against most currencies include the British Pound and the Euro; the Dollar also declined again the Brazilian Real, Australian Dollar and Korean Won. US yields fell as the yield curve steepened on continuation of Fed bond purchases, yields also declined across France, Germany, Spain & the Netherlands. US corporate issuance reached record level in September, highlighted by Verizon, as issuers positioned for higher future borrowing costs. Commodities posted declines for the month as global tensions over supply concerns related to Syria & Iran eased, with declines led by Oil, Gold, Platinum & Silver. Agricultural commodities were mixed for the month, with sharp declines in Corn & Soybeans offset by gains in Sugar & Wheat.

Comments reference performance as posted on October 2, 2013

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. Investing - Hedge fund CQS favors structured credit, Direct lending funds' fading all-weather appeal, Funds hunt for cracks in most-prized US shopping malls[more]

    Hedge fund CQS favors structured credit From BArrons.com: A hedge fund manager that can invest across the investment landscape says in his latest semi annual report this week that he's finding opportunities in structured credit -- particularly the shorter term, floating rate kind. Exampl

  2. Launches - Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle, Jersey players institutionalize first regulated crypto-currency hedge fund[more]

    Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle From Coindesk.com: The operators of a regulated, Jersey-based bitcoin hedge fund have officially closed a new $5 million fund aimed at investing in cryptocurrency tokens and initial coin offerings (ICOs). Backed by fun

  3. SWFs - China Wealth fund backs TPG lender as part of U.S. property push[more]

    From Bloomberg.com: China Investment Corp., the sovereign wealth fund that controls $814 billion in assets, is betting on U.S. real estate by investing in a commercial real estate lender formed by the money management firm TPG. In conjunction with last week's initial public offering of TPG RE Financ

  4. Months to minutes: Enigma launch aims to boost crypto hedge fund creation[more]

    From Coindesk.com: What if starting a hedge fund was as easy as downloading an API? A startup incubated at MIT Media Lab is today revealing a product designed with this ease-of-use in mind. Called Catalyst, the first product offering by blockchain startup Enigma aims to trigger nothing short of an e

  5. Seward & Kissel launches new compliance service[more]

    Bailey McCann, Opalesque New York: The law firm that formed the first hedge fund - Seward & Kissel - has launched a new compliance service for asset managers. Seward & Kissel Regulatory Compliance, or SKRC, offers full-scale regulatory compliance consulting solutions provided by the firm's attor