Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds gain in July; Blockchain, credit risk premia surge

Wednesday, August 08, 2018

Matthias Knab, Opalesque:

Equity Hedge, Relative Value Arbitrage lead HFRI for the month; HFRI Healthcare Index leads all indices YTD, topping Nasdaq Composite

Hedge funds posted gains in July to begin the second half of 2018, recovering the narrow decline from June, and effectively navigating a primarily positive earnings season punctuated with certain idiosyncratic equity volatility and directional dislocations, including Facebook and Apple. The HFRI Fund Weighted Composite Index advanced +0.6 percent for the month, according to data released today by HFR, the established global industry leader in the indexation, analysis and research of the global hedge fund industry, with contributions from equity, credit, M&A and currency exposures.

Bank Systematic Risk Premia strategies again posted mixed performance in July with gains concentrated in Credit and Equity strategies. The HFR BSPR Credit Index gained +3.14 percent for the month, led by the HFR BSRP Credit Multi-Strategy Index, which jumped +10.09 percent. Similarly, the HFR BSRP Equity Index added +0.53 percent for the month, led by a +4.72 percent return in the HFR BSPR Equity Low Beta Index.

Blockchain Index still down -42.6 % YTD

The volatile HFR Blockchain Index also surged in July, driven by strong gains in underlying cryptocurrencies. The HFR Blockchain Index gained +13.2 percent for the month, the strongest gain since April, bringing the YTD decline to -42.6 percent.

HFRI performance......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1