HFRU Indices Mid-September 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 gaining +1.34% through mid-September.

• HFRU Equity Hedge Index posted a gain of +2.60% through mid-September, with positive contributions from Emerging Markets with gains concentrated in Emerging Europe, Turkey, India, Brazil and Latin America equity offset by declines in Middle East and North Africa exposure.
  
  
• HFRU Event Driven Index posted a gain of +0.96% through mid-September, with positive contributions from European Equity Special Situations and Emerging Markets Fixed Income strategies, while Global & European M&A had mixed contribution to Index performance.
  
  
• HFRU Relative Value Arbitrage Index posted a gain of +0.47% through mid-September, with gains in Emerging Markets Fixed Income, Real Estate and Japanese Convertibles exposures offset by declines in Volatility strategies.
  
  
• HFRU Macro Index posted a gain of +0.41% through mid-September, with positive contributions from Global Discretionary, Systematic and Emerging Markets strategies which were offset by declines in Commodity Metals exposure.
  

Comments reflect performance figures as of September 16, 2013.

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