HFRU Fund Composite Gains +1.71% Through Mid-January

Jan 22 2018 | 5:08pm ET

The HFRU Hedge Fund Composite Index, which measures UCITS compliant hedge funds, gained +1.71% through mid-January, according to a flash update from Hedge Fund Research.

All four of the index family’s substrategy measures are positive in the period as of January 22, HFR noted in a statement. Details:

  • The HFRU Macro Index posted a gain of +2.29% through mid-January, as a result of gains in systematic trend-following manager and commodity strategies which were only offset by declines in currency managers.
  • The HFRU Equity Hedge Index posted a gain of +2.01% through mid-January from gains in Emerging Markets strategies with concentration in exposure to China and Eastern Europe.
  • The HFRU Relative Value Arbitrage Index gained +0.53% through mid-January from gains in Convertible, Global credit and Emerging Markets strategies.
  • The HFRU Event Driven was up +0.44% through mid-January from gains in Global Special Situations Equity, Distressed/Restructuring and Merger Arbitrage strategies.

Created in 2008, the HFRU indices are Euro-denominated performance benchmarks comprised of hedge funds compliant with established UCITS guidelines. Rebalanced quarterly, the index is comprised of all eligible hedge fund strategies, including but not limited to equity hedge, event driven, macro, and relative value arbitrage, that meet certain criteria include UCITS compliance, net performance reporting, at least biweekly NAV reporting, and at least €10 million of assets under management or 6 months of track record.

 The HFRU Hedge Fund Composite Index is designed to be representative of the overall composition of the UCITS-compliant hedge fund universe. Currency-hedged versions of the HFRU family are also available.

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