Fri, Oct 24, 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 +1.27% 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   |   

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t