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Tuesday, July 23, 2013

HFR In The News - July 2013

We would like to share some recently-published articles that reference data and analysis produced by Hedge Fund Research, Inc.
 
FINalternatives - 7/19/2013
Hedge Fund Assets Grow To $2.4 Trillion, Number Of Funds Surpasses 10,000

https://www.finalternatives.com/node/24236


You +1'd this publicly. Undo新浪网 - 19 Jul 2013
美国对冲基金研究公司(HFR)表示,通过跨资产类别押注全球经济的宏观对冲基金,5月回报率平均下跌1.04%6进一步跌1.59%,整体上拖累此 ...
http://www.google.com/url?sa=t&rct=j&q=hfr&source=newssearch&cd=64&cad=rja&ved=0CDEQqQIoADADODw&url=http%3A%2F%2Ffinance.sina.com.cn%2Fmoney%2Fforex%2F20130719%2F130316181843.shtml&ei=u03pUea9IcK80QXr7YHwCg&usg=AFQjCNFuxUhroI1kZpDcObbRZybJvmy3Gw


Dubai Chronicle - 7/18/2013‎
Hedge Funds Extend Record Asset Total for 4th Consecutive Quarter

http://www.dubaichronicle.com/2013/07/18/hedge-funds-extend-record-asset-for-4th-consecutive-quarter/

Wall Street Journal - 7/18/2013
Investors Sow Seeds for Hedge Funds
Reporter: Juliet Chung  

http://online.wsj.com/article/SB10001424127887324694904578599742377634984.html

Investment News - 7/18/2013
Hedge funds sitting on record amount of capital
Reporter: Jeff Benjamin

http://www.investmentnews.com/article/20130718/FREE/130719901

Pensions & Investments - 7/18/2013
Hedge fund assets hit $2.4 trillion
Reporter: Christine Williamson

http://www.pionline.com/article/20130718/DAILYREG/130719859/hedge-fund-assets-hit-24-trillion-8212-hedge-fund-research

Les Échos  07/09/2013
http://www.lesechos.fr/entreprises-secteurs/finance-marches/actu/0202884950157-les-hedge-funds-ont-accuse-le-coup-en-juin-584585.php

Financial Times - 7/7/2013
Hedge funds: Goal of stability remains
Reporter: Sam Jones  

http://www.ft.com/intl/cms/s/0/f22d6c1a-e49f-11e2-a74d-00144feabdc0.html#axzz2ZtBZ44uh

FINalternatives - 6/24/2013
Hedge Funds: The Misunderstood Asset Class
Reporter: Tim Ng

http://www.finalternatives.com/node/24005


Please note that the links are provided for informational purposes only. The views expressed in these articles do not necessarily reflect the views of Hedge Fund Research, Inc. You may be required to register with or subscribe to the publication in order to access the content of the articles.

Thursday, July 18, 2013

Some Highlights from HFR Global Hedge Fund Industry Report - Q2 2013

We published our new HFR Global Hedge Fund Industry Report today.
 
Overall, it was a pretty nice quarter for hedge funds in general and the fourth consecutive quarter of asset growth. The growth in assets in 2Q13 extended a streak of steady increases in hedge fund capital despite a surge in financial market volatility into quarter end.
 
Some highlights from the report include:
 
Record Industry Growth Extends in Q2
  • $40+ billion asset growth and allocations
  • Total hedge fund capital increased by a net total of $40 billion in 2Q13 to a record $2.41 trillion.
  • 60% of all hedge funds experienced net inflows for 2Q13
  • The total number of hedge funds reached 10,000 funds for the first time since 2006


Fund of Funds Capital Losses
  • $4.6 billion backs out of funds of funds

Event-Driven Strategies Preferred by Investors in Q2
  • Event-Driven assets surge on performance + allocations

Firms below $500 million Regain Footing With Investors
  • Smaller funds attract $2.4 billion in investor capital

Alternative UCITS Asset Growth Continues

  • Detailed in a special Bonus Section in new report

We have published the full press release on our website here:
https://www.hedgefundresearch.com/index.php?fuse=press

Those interested in purchasing the report can pick it up from our website here:

https://www.hedgefundresearch.com/ia_register/index.php?fuse=login
or by contacting us at websales@hfr.com | 312-658-0955

Monday, July 8, 2013

HEDGE FUNDS POST FIRST DECLINE FOR 2013 IN JUNE

HFRI Fund Weighted Composite Index declines -1.3 percent, snapping seven-month advance; Losses led by Emerging Markets, Commodity, interest rate-sensitive exposures

Hedge funds posted the first monthly decline for 2013 in June, ending a streak of seven consecutive months of gains, the longest run of positive performance seen by the industry since 2011, according to data released today by HFR, the established global leader in the indexation, research and analysis of the hedge fund industry.     

The HFRI Fund Weighted Composite Index declined -1.3 percent for the month, only the second decline in the trailing thirteen months. All four main HFRI Strategy Indices posted losses for June, with declines led by Macro and Equity Hedge strategies. The HFRI Macro Index posted a decline of -1.5 percent with negative contributions from Trend Following strategies, Fixed Income, Emerging Markets and Commodity Metals exposures. Emerging Markets posted losses across equity, sovereign bond and currency markets, as US yields rose significantly for the month; HFRI Emerging Markets Index declined by -4.0 percent, led by declines in Emerging Asia and Latin America, which declined -5.7 and -5.2 percent, respectively. The HFRI Systematic Diversified/CTA Index declined -1.8 percent, erasing the previous YTD gain of +1.3 percent through May. Commodity-focused strategies also declined by -1.4 percent, while Discretionary Macro strategies declined -1.9 percent.

HFRI Equity Hedge Index fell by -1.4 percent, led by a decline of -2.7 percent in Fundamental Growth strategies. However, the Equity Hedge sub-strategies of Short Bias, Technology/Healthcare and Equity Market Neutral posted gains of +0.7, +0.7 and +0.4 percent, respectively.

HFRI Event Driven Index declined -1.2 percent in June, its first decline following 12 consecutive months of gains, with performance adversely impacted by a significant widening of high yield credit spreads, as well as equity market losses. Activist strategies posted gains which only partially offset other Event Driven losses, while HFRI Merger Arbitrage Index posted a decline of -0.5 percent.

Fixed income-based Relative Value Arbitrage posted its first decline in 13 months, with the HFRI Relative Value Index declining -0.9 percent; the HFRI RV: Multi-Strategy Index, including credit multi-strategy funds, declined -1.4 percent, offsetting a positive contribution from Yield Alternative strategies, which gained +1.7 percent. The HFRI RV: Fixed Income - Corporate Index was the weakest area of RVA sub-strategy performance, falling nearly -2.7 percent, while the HFRI Asset Backed and Convertible Arbitrage Indices posted more moderate declines of -0.7 and -0.4 percent, respectively.
Comments from Kenneth J. Heinz, President of HFR:

"Risk-off sentiment dominated June hedge fund performance as investors and fund managers positioned for curtailment of stimulus efforts by the U.S. Federal Reserve, resulting in increased volatility and pressuring emerging market, interest rate-sensitive and commodity-focused funds, while tactical positioning and effective short hedging mitigated a portion of the losses across these areas, June performance was significant in that the trends of the previous six months across most asset classes were reversed as bond yields posted a sharp increase. Many hedge funds have and continue to be actively and conservatively positioned for the complex impacts of stimulus extraction, and investors are likely to benefit from this positioning in the second half of the year."

Comments reference Flash Update performance figures as posted on July 8, 2013.






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