Sat, Apr 21, 2018
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 +1.27% 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

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 - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its