Mon, Jun 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Mid-November Equity Hedge Index up 0.38%, 9.1% year to date

Wednesday, November 20, 2013
Opalesque Industry Update - HFRX Equity Hedge Index posted a gain of +0.38% through mid-November, with gains across Fundamental Value and Market Neutral strategies adding to the YTD gain of +9.1% for the Index. HFRX Fundamental Value Index rose +0.57% with gains concentrated in US large-cap Consumer and Financial sectors, HFRX EH:FV leads all EH sub-strategies with YTD gain of +13.7%. HFRX Market Neutral Index gained +0.53%, with gains in mean reverting and fundamental, factor-based models.

HFRX Event Driven Index posted a gain of +0.21% through mid-November, with contributions from Merger Arbitrage and Equity Special Situations; HFRX ED leads all strategy indices with a gain of +13.1% YTD. HFRX Special Situations Index gained +0.34% for the month, continuing lead all sub-strategies with a YTD gain of +17.15%; the Index had contributions from core positioning in Elan, American Realty, Tribune Co., Ferro, Chemtura, Penn West and Life Technologies. HFRX Merger Arbitrage Index posted a gain of +0.21%, with contributions from transactions in NYSE/IntercontinentalExchange, Capital Source/Pacwest Bancorp, Akorn/Hi-Tech Pharmacal, FNB/BCSB Bancorp, Koch/Molex and Thermo Fisher/Life Technologies. The HFRX Distressed Index declined -0.17% for the period from various restructurings across Technology, Industrial and Basic Materials sectors.

HFRX Relative Value Arbitrage Index posted a decline of -0.10% through mid-November with modest declines across various fixed income strategies, including Convertible Arbitrage and Multi-Strategy managers. HFRX Convertible Arbitrage Index posted a decline of -0.87%, paring the YTD gain of the Index to +9.0%, with negative contribution from volatility and gamma positions. HFRX MLP Index gained +0.53% for the month, while the HFRX Fixed Income Credit Index posted a modest decline of -0.06% for the period.

HFRX Macro Index posted decline of -0.31% through mid-November, with positive contributions from Fixed Income & Systematic CTA strategies offset by weakness in Currency and Emerging Markets strategies. HFRX Macro: Systematic Diversified Index posted a gain of +0.09%, with contributions from equities, commodities and fixed income exposure. The HFRX Emerging Markets Index posted a decline of -0.95% from declines in Brazil and Currency exposure.

Press release

bc

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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider