September 2013 HFRU Indices Performance Notes
UCITS compliant Hedge funds posted rose in the month, with the HFRU Hedge Fund Composite Index gaining +1.02% for September.
- HFRU Equity Hedge Index posted a gain of +2.21% for September, the strongest gain since July 2012, with contributions from Emerging Markets with gains concentrated in Turkey, India, Brazil and Emerging Europe equities. Exposure to US, Japan and Technology also contributed to gains.
- HFRU Event Driven Index posted a gain of +0.90% for September, with positive contributions from European Equity Special Situations and Emerging Markets Fixed Income strategies; Global & European M&A also had Index performance as credit tightened, a number of IPOs received strong investor interest and US corporate issuance set a monthly record.
- HFRU Relative Value Arbitrage Index posted a gain of +0.47% for September, with gains in Emerging Markets Fixed Income, European and Japanese Convertibles and Real Estate exposures, as yields fell on continued US fed bond purchases and record US corporate issuance contributed to gains.
- HFRU Macro Index posted a modest decline of -0.07% for September, with positive contributions from Currency, Global Discretionary and Emerging Markets strategies offset by declines in Systematic & Commodity exposures on commodity weakness and short fixed income exposures.
Comments reference performance as posted on October 2, 2013
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