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Alternative Market Briefing

Hedge fund industry enters the positive territory in Q4, says HFRI

Friday, November 08, 2019

Laxman Pai, Opalesque Asia:

Extending industry-wide YTD gains with strong contributions from Healthcare, Quantitative Equity, Activist and Fundamental Value funds, the hedge fund industry was in positive territory to begin the fourth quarter, says HFR.

The HFRI Fund Weighted Composite Index advanced +0.4 percent in October as equities recovered from early intra-month declines and as the U.S. Federal Reserve lowered interest rates.

Performance gains across Equity Hedge, Event-Driven and Relative Value Arbitrage strategies were partially offset by declines in Macro strategies.

The HFRI 500 Fund Weighted Composite Index, an investible index of 500 leading hedge funds, gained +0.5 percent in October.

Liquid Alternative UCITS strategies also advanced for the month, with the HFRI-I Liquid Alternative UCITS Index returning +0.43 percent, led by a +1.03 percent gain in the HFRI-I Liquid Alternative UCITS Equity Hedge Index.

Mixed performance for Risk Premia strategies

Bank Risk Premia strategies posted mixed performance for the month, with the HFR Bank Systematic Risk Premia Multi-Strategy Index advancing +1.8 percent, which was only partially offset by the HFR Bank Systematic Risk Premia Rates Index, which declined -3.08 percent.

The HFR Risk Parity Vol 15 Index gained +1.0 percent in October, extending the YTD return to +27.4 percent.

The HFRI Equity Hedge (Total) Index led the main strategy performance for the month with a +1.3 percent retur......................

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