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Alternative Market Briefing

UCITs-compliant hedge funds gain in April

Monday, May 07, 2018

Komfie Manalo, Opalesque Asia:

UCITS compliant hedge funds gained in April with the HFRU Hedge Fund Composite Index gaining 0.25% even as the global financial markets posted mixed returns during the month with US interest rates increasing and oil reaching the highest level since 2014, data provider Hedge Fund Research said in its monthly report.

In the same report, HFR said most strategies also reported positive gains last month. The HFRU Event Driven returned 0.43% from gains in distressed/restructuring managers and mixed performance of global special situations equity and merger arbitrage strategies.

The HFRU Equity Hedge Index was up 0.42%, buoyed by exposures in in global equities, Western Europe and Energy, only partially offset by declines in emerging markets strategies, with concentration in Emerging Asia and Eastern Europe.

HFR said in its report, "US equities were little changed for the month as earnings season began, with sector gains led by energy and oil services. European and Asian equites gained led by France, Italy and the UK. Oil led commodity gains, reaching a three-years high; commodities aluminum, wheat and hogs also gained. US interest rates rose on continued economic strength as the yield on the US ten-year bond surpassed 3%, while the US dollar gai......................

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