Wed, Sep 30, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds post gains in mid-March as Fed's interest rate hike sends market jitters

Tuesday, March 21, 2017

Komfie Manalo, Opalesque Asia:

Hedge funds posted gains through mid-March with the HFRX Market Directional Index rising 0.29% and the HFRX Global Hedge Fund Index gaining 0.11% through mid-March as the U.S. Fed increased interest rates, data provider Hedge Fund Research reported.

The HFRX Equity Hedge Index gained 0.96% through mid-March as global equity markets were mixed during the period. The HFRX Fundamental Growth Index posted a gain of +1.27% from gains in emerging Asia, MENA and global healthcare exposure. The HFRX Fundamental Value Index returned 0.85% from exposure to large-cap equity European and U.S. financial, industrial and communications sectors. The HFRX Market Neutral Index gained 0.64% from gains in mean reverting, factor based strategies and fundamental managers.

HFR said in its money report, "The interest rates hike also saw the global financial markets to post mixed returns during the same period, while European equities led broad based equity market gains, which were partially offset by a sharp decline in oil."

It added that European equities led gains through mid-month as equities responded favorable to the Netherlands election, with leadership from Spain, Italy, France and the Netherlands; Asian & US equities posted more modest gains led by Technology and Emerging Asian regions.

"U.S. treasury yields rose as the F......................

To view our full article Click here

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: Tech stocks aren't in a bubble, but investors should be pickier, Credit Suisse says, Pandora tops world's best-performing market as hedge funds exit, What Bill Ackman is investing in now[more]

    Tech stocks aren't in a bubble, but investors should be pickier, Credit Suisse says From Business Insider: Credit Suisse on Thursday trimmed its overweight rating for tech stocks, recommending investors be more selective with their sector picks. Crowding in tech giants and the stocks&#

  2. Investing: Third Point buys stakes in Facebook, Alibaba in Q2, exits Sony, Allergan, Here's what investors with $3.4tn are buying during covid, An energy trader seeks profit from batteries in European markets, Hedge fund ARCM to sell $200m of Premier Oil debt[more]

    Third Point buys stakes in Facebook, Alibaba in Q2, exits Sony, Allergan Third Point LLC acquired new stakes in Facebook Inc. and Chinese e-commerce companies Alibaba Group Holding Ltd. and JD.com Inc. during the second quarter of 2020 as it divested positions in Sony Corp. and drugmaker

  3. PE/VC: Investors have bet big that you can get private equity returns in the public markets. A new study says otherwise, Aberdeen's Bonaccord teams up with CAZ to buy stakes in private markets managers, The role of private equity in economic recovery from Covid-19[more]

    Investors have bet big that you can get private equity returns in the public markets. A new study says otherwise From Institutional Investor: New research suggests private-equity-owned firms respond differently to financial distress - and that the resulting performance "cannot be replicat

  4. Opalesque TV: Meet a Swiss fund manager who hedges with a difference[more]

    B. G., Opalesque Geneva: There is a quant manager in Zurich that does things a little differently, which has helped a lot so far this year. ICON Asset Management, which was mentioned in the

  5. Franklin Templeton creates new unit with QS Investors[more]

    Laxman Pai, Opalesque Asia: Franklin Templeton will combine recently acquired QS Investors, a Legg Mason subsidiary, with Franklin Templeton Multiasset Solutions (FTMAS) business into a single consolidated unit. Effective Oct. 1, the combined business, called Franklin Templeton Investment Sol