Tue, May 21, 2019
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge Fund Index up +0.43% for March

Tuesday, April 23, 2019

Laxman Pai, Opalesque Asia:

The Hennessee Hedge Fund Index increased +0.43% for the month (+5.70% YTD), while the S&P 500 was up +1.79% (+13.06% YTD), the Dow Jones Industrial Average increased +0.05% (+11.16% YTD), and the NASDAQ Composite Index gained +6.18% (+20.53% YTD).

Bonds were positive for the month, as the Barclays Aggregate Bond Index increased by +1.92% (+2.94% YTD).

The top three strategies for the month were Healthcare and Biotech (+1.92%), Asia Pacific (+1.83%) and Technology (+1.70%). While, the bottom three strategies for the month were Emerging Markets (-1.23%), Short Biased (-1.15%) and Latin America (+0.79%).

For the year, Healthcare and Biotech (+14.45%) leads all strategies while High Yield (+1.10%) brings up the rear.

Long/Short Equity Index gains +0.41%

Equity long/short hedge funds were positive for the month, as the Hennessee Long/Short Equity Index gained +0.41% (+7.15% YTD).

The better performing sectors were Information Technology (+5.41%), Consumer Discretionary (+4.38%) and Consumer Staples (+3.94%). While underperforming sectors were Financials (-3.05%), Industrials (-1.47%) and Healthcare (+0.37%).

The Hennessee Arbitrage/Event Driven Index increased +0.76% for the month (+4.30% YTD).

The Barclays Aggregate Bond Index increased +1.92% for the month (2.94% YTD) as interest rates decreased for the month.

The Merrill Lynch High Yield Master II Index increased +3.33% for the month, and high yield sp......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Cryptocurrency thefts, scams, and fraud top $1.2bn in Q1[more]

    Laxman Pai, Opalesque Asia: Crypto criminals and fraudsters stole more than $1.2 bn through cryptocurrency thefts, scams, and fraud in the first quarter of 2019, a report revealed. Criminals stole more than $356m from exchanges and infrastructure during this period, according to a report by c

  2. Redemptions hit quant king AQR in performance slump[more]

    From Financial News: AQR Capital Management, one of the biggest quantitative fund managers, is undergoing a prolonged performance downturn that has led to investors withdrawing increasing amounts in 2019. The Connecticut-based firm, which manages both hedge funds and mainstream long-only funds,

  3. FWM Holdings buys $2bn fund manager Optima Fund Management[more]

    Laxman Pai, Opalesque Asia: New York-based FWM Holdings, the parent company of Forbes Family Trust (FFT) and LGL Partners, multi-family offices serving ultra-high-net worth families, agreed to buy Optima Fund Management, an early fund-of-funds player with $2bn in assets. The deal is expected

  4. Opalesque Exclusive: Paris-based hedge fund manager opens seeding programme for niche strategies[more]

    B. G., Opalesque Geneva for New Managers: Melanion Capital, an independent investment manager based in Paris, is launching a seeding programme that can house two to thr

  5. People: Hedge funds raid BNP's shuttered prop desk amid talent race[more]

    From Bloomberg: BNP Paribas SA's closure of its proprietary-trading desk has triggered a hiring frenzy for the world's biggest hedge funds. Citadel has recruited Mathieu Gaveau, who was head of rates at BNP's Opera Trading Capital division until it was shut down in January. Paolo Nicolosi, a se