•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Komfie Manalo, Opalesque Asia:

Hedge funds posted mixed performance through mid-February as the global financial market volatility surged early this month and US interest rates increased, although equities partially recovered intra-month losses.

Data from Hedge Fund Research showed that the HFRX Absolute Return Index gaining +0.35% while the HFRX Global Hedge Fund Index posted a decline of -1.04%.

HFR said, "European and emerging markets led broad based declines; Oil services, energy and healthcare led sectors declines while China, Japan, Germany and Spain led regional equity market declines. US interest rates rose as Treasury bond yields increased sharply while high yield credit widened. The US dollar was mixed through mid-month, falling against the Japanese Yen, Euro and Swiss Franc though gaining against the pound sterling, Brazilian real and Australian dollar. Cryptocurrencies partially recovered from the prior month selloff. Commodities were also mixed, with declines in energy led by oil and natural gas, while cattle led agricultural gains; copper and gold posted small gains in metals."

Relative value arbitrage fell

The HFRX Relative Value Arbitrage Index posted a narrow decline of -0.10% through mid-February from mixed performance of global credit which were offset by declines in con......................

To view our full article Click here