Tue, Sep 21, 2021
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFRU Hedge Fund Composite Index down -2.58% in January

Thursday, February 04, 2016
Opalesque Industry Update - Global financial markets posted sharp losses in January led by declines in Oil and global equities, though steep intra-month losses in both were narrowed by strong gains in final trading days of the month. Global equities posted steep declines for the month led by Biotechnology, Energy, Financial, Energy, Healthcare, small caps, China, Italy and Germany. Oil also posted steep losses for the month on investor concern regarding over supply, removal of Iran sanctions and weak demand from slowing Chinese economy, though losses were pared into month-end by strong gains in final trading days of the month.

Other commodities posted mixed performance, with gains in Gold, Silver and Lean Hogs offset by declines in Sugar, Copper and Cocoa. Interest rates fell on equity and commodity weakness, as high yield credit widened, the US yield curve steepened, the Bank of Japan lowered interest rates on the final trading day of the month. The US Dollar gained against the Chinese Reminbi, the British Pound Sterling and Russian Ruble while declined against the Japanese Yen. UCITS compliant Hedge Funds posted declines for January with the HFRU Hedge Fund Composite Index declining -2.45%.

HFRU Macro Index posted a decline of -0.42% for January from declines in Discretionary Fixed Income and Commodity strategies only partially offset by quantitative, trend-following, systematic CTAs and Volatility managers. Energy continued to decline during the month and the US Dollar strengthened against the Chinese Reminbi, the British Pound Sterling and Russian Ruble and declined against the Japanese Yen while equities ended the month with widespread losses.

HFRU Event Driven Index posted a decline of -1.48% for January from declines in Global Special Situations equity and Distressed/Restructuring strategies as high yield credit widened and equities posted broad declines. Merger Arbitrage managers posted mixed performance.

HFRU Relative Value Arbitrage Index posted a decline of -1.76% for January, as high yield credit and arbitrage deal spreads widened. Losses were concentrated in Yield Alternatives - Energy Infrastructure, Global Convertible and Credit strategies and Emerging Markets exposure, only partially offset by Volatility managers.

HFRU Equity Hedge Index posted a decline of -3.89% for January, as global equity markets experienced widespread losses across geographies and sectors. Declines were led by Emerging Markets, with concentration in China, Brazil and Turkey, while Global Healthcare exposure also experienced sharp declines, only partially offset by Market Neutral strategies.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. PE/VC: Private equity GPs, LPs alike working on diversity and inclusion, Chinese regulator vows to crack down on private equity, venture capital funds, The VC playbook for portfolio companies: learning from the Covid-19 crisis[more]

    Private equity GPs, LPs alike working on diversity and inclusion From PIonline.com: Private equity general partners and limited partners are doing more to increase diversity in private markets, according to a report released Tuesday by the Institutional Limited Partners Association.

  2. PE/VC: Private equity continues to lead fund closings, Venture capital firms are fighting to throw money at cleantech[more]

    Private equity continues to lead fund closings From PIonline.com: Among private fund closings, private equity funds have led the pack starting in 2011, based on data collected by Pensions & Investments. During those years, private equity's share has ranged from 56% to 72% of the total

  3. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover

  4. New Launches: H.I.G. closes first European buyout fund at $2.4bn, Cheyne Capital raises another $1.18bn credit fund to invest in struggling European companies, Falfurrias Capital Partners raises $850m in oversubscribed fund, Alan Howard-backed 10T raises $750m for debut crypto fund, Crayhill Capital strikes $820m hard cap close for second credit-focused fundraise, Edmond de Rothschild's Eres IV eyes second close in H1 2022, Revaia closes Europe's largest female-founded VC fund, Octopus unveils UK Future Generations sustainable fund, TrueBridge Capital Partners closes seed & micro-VC fund I, at $170m, Federated Hermes launches low-carbon bond fund with Swedish partner[more]

    H.I.G. closes first European buyout fund at $2.4bn From PIonline.com: H.I.G. Capital closed its first European middle-market buyout fund, the H.I.G. Europe Middle Market LBO Fund, at €2 billion ($2.4 billion), a news release shows. The fund targets middle-market companies prim

  5. U.S.: Peter Thiel gamed Silicon Valley, Donald Trump, and democracy to make billions, tax-free[more]

    From Bloomberg: The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the 25th floor of his Manhattan tower. Trump sat dead center, per custom, and, also per custom, looked deeply satisfied with himself. He was joined by his usual coterie of lackeys