Mon, Jul 28, 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   |   
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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  4. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass