HFRU Indices August 2013 performance notes

UCITS compliant Hedge funds posted a decline for the month but outperformed the broader hedge fund industry, with the HFRU Hedge Fund Composite Index declining -0.20% in August.
HFRU Relative Value Arbitrage Index posted a modest decline of -0.04% in August, with gains in Volatility strategies and hedged Fixed Income exposure, offset by declines in Emerging Markets, Real Estate and Japanese Convertibles exposures.

HFRU Event Driven Index posted a narrow decline of -0.06% in August, with positive contributions from European Equity Special Situations and Asian Credit strategies offset by declines in Emerging Markets Fixed Income exposure; Global & European M&A had mixed contribution to Index performance.

HFRU Macro Index posted a narrow decline of -0.08% in August, with positive contributions from Systematic Commodity managers which were offset by declines in Global Discretionary, Currency and Emerging Markets strategies.

HFRU Equity Hedge Index posted a decline of -0.40% in August, with positive contributions from European and Chinese equity exposure offset by declines in Emerging Markets concentrated in Turkey, India, Brazil and Latin America.

Comments reference performance as posted on September 4, 2013.

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