Emerging Markets, Macro Push HFRI Index Up

Jul 19 2007 | 11:22am ET

Yet another hedge fund index shows hedge funds on top of the world in June, relatively speaking, as emerging markets and macro funds bucked the downward trend in equities.

Hedge Fund Research’s HFRI Fund Weighted Composite Index rose 0.89% in June, paced by emerging markets funds, which rose 2.49% on the month and are up 14.75% year-to-date, nearly twice the return of another other HFRI index. The overall HFRI index has returned 7.7% year-to-date.

The Standard & Poor’s 500, hurt by declining equities markets, fell more than 1% last month, and is up 6.96% year-to-date.

Macro funds and equity hedge funds tracked by the HFRI indices also posted strong months, rising 1.73% (5.83% YTD) and 1.01% (8.27% YTD), respectively. Merger arbitrage was the only strategy in the red in June, falling 0.73% (up 5.82% YTD).

The HFRI Fund of Funds Composite Index rose 0.77% last month, and is up 7.92% year-to-date.

Separately, HFR announced the rollout of five indices to cover hedge funds investing in Asia. Part of its HFRX series of indices, the new products cover Japan, Asia ex-Japan and Asia including Japan, as well as an equal-weighted index and an Asia composite index.

“Hedge funds focusing on Asian exposure—emerging, developed and a combination of both—continue to attract capital from hedge fund investors interested in accessing the tremendous growth of Asian economies,” Kenneth Heinz, HFR president, said. “Hedge fund exposure to Asian markets and situations is increasingly not only from Asian-based managers, but also from many European and U.S.-based managers as well.”


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.