Sun, May 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFRU Hedge Fund Composite Index up 1.20% in February (+1.02% YTD)

Wednesday, March 05, 2014
Opalesque Industry Update - Global financial markets posted gains for February, despite increasing geopolitical tensions arising from secular unrest in Ukraine. Global equity markets posted broad-based gains recovering prior month declines, led by US Technology, Cyclical, Healthcare and Commodity-sensitive exposures.

European and Asian equities also posted gains, with European gains led by France, Italy, Sweden and the UK, while Asian gains were led by Hong Kong, the Philippines, Australia and Thailand. Despite these, Emerging Market equities across Latin America were mixed, China and the Middle East posted gains while Russian equities posted declines.

US and developed European yields were little changed against the prior month end, with bond yields measuring small declines in Italy and Spain. The US Dollar declined against most currencies, reversing much of the prior month's gains, falling sharply against the British Pound Sterling and Euro; the US Dollar also fell sharply against Emerging Market and Commodity currencies, with the largest monthly declines posted against the Indonesian rupiah, New Zealand Dollar, South African Rand and Brazilian Real. The US dollar posted a late month gain against the Chinese RMB, while the virtual currency Bitcoin fell sharply in value for the month.

Commodities across Energy, Metals and Agriculturals continued to post strong gains, led by sharp gains in Gold, Oil, Silver, Platinum, Hogs, Coffee and Soybeans. Merger activity remained robust, led by Facebook's $19 billion acquisition of WhatsApp. UCITS compliant Hedge funds posted gains with contributions across all strategies, with the HFRU Hedge Fund Composite Index gaining +1.20% in February, the strongest gain since October 2013.

HFRU Equity Hedge Index posted a gain of +1.63% in February, the strongest gain since October 2013, with positive contributions from both Fundamental and Market Neutral strategies complemented by regional exposures to European equities. Exposure to recovering Emerging Markets also has a favorable contribution to HFRU EH in February.

HFRU Event Driven Index posted a gain of +1.21% in February, the strongest gain since December 2012, with contributions from European Equity Special Situations and Emerging Markets Fixed Income strategies. Global Merger Arbitrage and Distressed exposures also has positive contribution to HFRU ED performance.

HFRU Macro Index posted a gain of +1.19% in February, the strongest gain since July 2012 with positive contributions from commodity exposures including Metals, Energy and Agricultural, which were complemented by equity and fixed income exposure in Discretionary Macro strategies.

HFRU Relative Value Arbitrage Index posted a gain of +0.59% in February, with positive contributions from exposure to Real Estate, Emerging Markets Fixed Income and Global Convertible strategies, which were only partially offset by declines in Volatility exposure.

km

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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n