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HFRU Hedge Fund Composite Index gains +1.27% in October, 3.24% YTD

Tuesday, November 05, 2013
Opalesque Industry Update - UCITS compliant Hedge funds posted gains, with the HFRU Hedge Fund Composite Index gaining +1.27% in October, 2013.

• HFRU Equity Hedge Index posted a gain of +1.93% in October, with positive contributions from Global equity, India and Turkey and mixed performance from idiosyncratic European exposure.

• HFRU Macro Index posted a gain of +0.87% in October, with positive contributions from Global Systematic and Emerging Market strategies which were partially offset by declines in Commodity Metals exposure.

• HFRU Relative Value Arbitrage Index posted a gain of +0.76% in October, with gains in Asset-Backed, Emerging Markets, Convertible Arbitrage and Real Estate strategies, partially offset by declines in Volatility and Fixed Income Sovereign exposure.

• HFRU Event Driven Index posted a gain of +0.75% in October, with positive contributions from European and Emerging Markets Equity Special Situations, Merger Arbitrage strategies and credit exposure.

Global financial markets posted gains for the month of October as US lawmakers passed a budget deal, ending the US government shutdown and averting a default on US treasury bonds. Global equity markets posted strong, broad-based gains for the month, with US gains led by large cap, Healthcare, Oil Services, Technology and Financials. European and Asian equities also posted strong gains, with European leadership from Greece, Italy, Spain, Germany and UK, while Asian equities were led by India, Australia and the Philippines; Japan and China both posted declines. US yields fell slightly across the curve on continued expectations for maintaining Federal Reserve stimulus measures, yields also declined across most European countries including UK Gilts, German Bunds, France, Italy, Spain and the Netherlands. The Euro rallied against the US Dollar to a 2 year high over 1.38, while the US Dollar gained against the British Pound Sterling and was little changed against the Japanese Yen; the US dollar also declined against the Australian Dollar & Indian Rupee. Commodities posted mixed performance for the month, with gains in Platinum offset by mixed performance in Oil while Gold traded in a wide range to settle with a narrow decline for the month. Cotton & Coffee led declines across agricultural commodities, declines in Corn & Hogs were partially offset by gains in Cattle and Sugar.

Comments reference performance as posted on November 4, 2013

Press release

The HFRU Indices are published on a daily basis and comprise the most comprehensive benchmarks of UCITS hedge fund performance available. WWW.HFRU.EU

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