Sun, Jan 17, 2021
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Macro hedge funds lead broad-based July gains

Thursday, August 08, 2019

Laxman Pai, Opalesque Asia:

As Macro strategies led industry performance driven by the month-end spike in financial volatility on the escalation in trade wars and lower U.S. interest rates, hedge funds posted gains in July, said Hedge Fund Research.

The HFRI Fund Weighted Composite Index gained +0.7% for the month, increasing the Index Value to 14,465, advancing the record index level from the prior month, it said.

Meanwhile, the HFRI 500 Fund Weighted Composite Index, an investible index of 500 leading hedge funds, advanced +0.8% in July, increasing YTD performance to +7.6%.

Risk Premia strategies also posted gains, led by Currency exposures, as the HFR BSRP Index surged +5.66% for the month.

Liquid Alternatives also advanced in July, as the HFRI-I Liquid Alternative UCITS Index added +0.63% for the month, led by the HFRI-I Liquid Alternative UCITS Macro Index, which gained +1.26%.

Among the major hedge fund strategies, Macro hedge funds led gains as volatility increased across equity, currency, fixed income and commodity markets into month-end, driven by an escalation of trade wars, the U.S. Federal Reserve lowering interest rates, and ongoing Brexit considerations.

The HFRI Macro (Total) Index advanced +1.7% in July, topping the gain of the S&P 500 Index, led by quantitative, trend-following CTA and Commodity strategies. The HFRI Macro: Systematic Diversified Index gained +2.8% for the month, while the HFRI Macro: Commodity Index added +1......................

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. SPACs: The SPAC shareholder class action boom is coming, SPACs have a hidden risk that investors need to know about[more]

    The SPAC shareholder class action boom is coming From Reuters: I'm not the first to predict it, but the past few weeks have brought unmistakable signs that shareholder class action firms are homing in on Special Purpose Acquisition Companies, those so-called blank-check entities that g

  2. SPACs: Jeremy Grantham: "SPACs should be illegal", Spacs may fuel European IPO boom, SPAC IPOs surge, The SPAC pop is now a thing: More unicorns getting on board, Paysafe readies $9bn IPO Via SPAC[more]

    Jeremy Grantham: "SPACs should be illegal" Special-purpose acquisition companies (SPACs) should be illegal, according to Jeremy Grantham, as they escape regulatory oversight and encourage the "most obscene type of investing." Grantham is the co-founder and chief investment strategi

  3. News Briefs: What if data scientists had licenses like lawyers?, Next generation behind family offices' ESG push[more]

    What if data scientists had licenses like lawyers? From Bloomberg: Data scientists, if they're poorly qualified or act irresponsibly, can do at least as much damage as lawyers and doctors. The algorithms they create can ruin lives, aggravate social divisions, even facilitate genocide.

  4. SPACs: SPAC costs are 'far higher' than previously realized, study finds, Jim Cramer recommends profit taking in speculative electric SPAC names.[more]

    SPAC costs are 'far higher' than previously realized, study finds From Institutional Investor: The costs of going public via a special-purpose acquisition company are both "opaque and far higher" than previously recognized, new research shows. SPAC shares tend to drop by one third or

  5. Institutional Investors: Pensions swamped in a sea of negative real rates, Bahrain's pension fund authority faces collapse[more]

    Pensions swamped in a sea of negative real rates From FA Mag: Defined-benefit pension plans were already barely treading water heading into 2020. In the years ahead, the risk is as great as ever that a large swath of them will drown. As the name implies, defined-benefit pensions promis