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Alternative Market Briefing

Hedge funds up in April as global markets gain by European elections, U.S. technology

Wednesday, May 03, 2017

Komfie Manalo, Opalesque Asia:

The global financial markets posted gains in April led by US technology and driven by optimism over European election results, data provider Hedge Fund Research said in its monthly report.

Hedge funds posted positive returns last month with the HFRX Global Hedge Fund Index gaining +0.42% and the HFRX Absolute Return Index gaining +0.31% for the period. The HFRX Equity Hedge Index posted a gain of +0.72% for April as most developed equity markets were up during the period, with the exception of Great Britain, while emerging markets were mixed, with leadership of Turkey and South Africa, and China experienced declines.

"Equity markets posted gains led by French equities, other global equities also gained led by U.S. technology, biotechnology, healthcare and cyclical sectors, which were partially offset by declines in energy and oil services," HFR said in the report. "Interest rates were little changed for April, with U.S. bond yields posting slight increases while European and Asian yields were unchanged. The U.S. dollar declined against the Euro, British pound and Swiss franc, though the US$ gained against most commodity currencies. Commodities were mixed for the month, with declines in oil, silver, aluminum and coffee offset by gains in gold, natural gas and cattle."

Emerging Asia, basic materials and consumer sector push fundamental growth

The HFRX Fundamental Growth Index posted a gain of +......................

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