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Alternative Market Briefing

Hedge funds recover in mid-April as global markets gain

Thursday, April 19, 2018

Komfie Manalo, Opalesque Asia:

Hedge funds posted gains through mid-April, buoyed by the recovery in the global financial markets as trade and tariff policy discussions proceeded while geopolitical tensions increased with missile strikes in Syria, data provider Hedge Fund Research said.

The HFRX Market Directional Index and the HFRX Global Hedge Fund Index gained 0.83% and 0.62%, respectively during the period.

HFR said in its monthly report, "Global equity markets gains were led by developed Europe, including Italy, Netherlands, France, Germany & the UK; the US, Japan and India also gained. Interest rates also increased through mid-April, as the US dollar posted a sharp gain against the Russian ruble and Brazilian real, though the Dollar declined against the British pound and Canadian dollar. Commodities also gained through mid-month, led by a spike in aluminum and live hogs; oil, gold natural gas and wheat also gained.

Also posting gains are event driven strategies, with the HFRX Event Driven Index rising 1.00% through with gains from special situations equity strategies and distressed managers. The HFRX Special Situations Index gained 1.26% core positioning in Aetna, Akorn, Altaba/Yahoo, Time Warner, Alibaba, NXP Semiconductors and Monsanto. The HFRX Distressed Index posted a gain of +0.29% through mid-month from exposure to Industrial and Ener......................

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