Monday 30th March 2015
NEWS TICKER, FRIDAY MARCH 27th 2015: Moody's Investors Service has assigned an A2 rating (stable outlook) to the certificates of deposit issued by Barclays Bank Plc, New York Branch. The certificates of deposits will be direct, unsecured, senior obligations of Barclays Bank plc, issued by its New York Branch and will rank pari passu with all other present and future unsecured and unsubordinated obligations of Barclays Bank Plc - The Straits Times Index (STI) ended +18.51 points higher or +0.54% to 3450.1, taking the year-to-date performance to +2.52%. The FTSE ST Mid Cap Index gained +0.18% while the FTSE ST Small Cap Index gained +0.47%. The top active stocks were SingTel (+1.38%), DBS (-0.15%), UOB (+1.13%), Golden Agri-Res (+7.41%) and Keppel Corp (-1.11%). The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+2.32%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (unchanged) and Geo Energy Resources (-0.51%). The underperforming sector was the FTSE ST Oil & Gas Index, which declined -1.06% with Keppel Corp’s share price declining -1.11% and Sembcorp Industries’ share price declining -1.15%. The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-1.43%), SPDR Gold Shares (-1.19%), iShares USD Asia HY Bond ETF (+1.05%). The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.92%), Suntec REIT (unchanged), CapitaCom Trust (-1.13%)

Macro gains offset by equity losses

Friday, 15 June 2012
Macro gains offset by equity losses Hedge funds post declines in volatile May; systematic macro post gains on fixed income http://www.ftseglobalmarkets.com/

Hedge funds post declines in volatile May; systematic macro post gains on fixed income

Hedge funds posted decline in May, with the HFRI Fund Weighted Composite Index posting a loss of -1.6%, says Hedge Fund Research, Inc., the indexation, analysis and research provider for the global hedge fund industry. This marks the third consecutive monthly decline, reducing the year to date gain for the index to 2.5% through May.  “During the volatile month of May, investors reacted to increased European bank and sovereign bond risk and weakening U.S. economic data by aggressively moving portfolios toward less risky exposures,” explains  Kenneth J Heinz, president of HFR. “This

risk-off response adversely impacted certain areas of equity-sensitive hedge fund exposures, while benefitting strategies tactically positioned to insulate portfolios and produce gains resulting from the strong trends and volatile environment which materialised. In the current environment, at some level, every hedge fund is a Macro fund.” 



Mirroring trends across financial markets, hedge fund performance during May was widely divergent across strategies, with macro funds posting their best monthly performance since April 2011, while equity hedge posted its largest decline since September 2011. The HFRI Macro Index gained 1.7% in May, bringing YTD gains to 1.9%, with significant contributions from systematic strategies and positions in fixed income, commodities and currencies, with limited aggregate exposure to equity market volatility. The HFRI Macro: Systematic Diversified Index gained 4.1% in May and has gained 2.9% year to date.

The HFRI Equity Hedge Index posted a decline of -4.1% in the month, paring its year to date gain to +1.8%, with declines across growth, energy and emerging markets strategies only partially offset by short bias funds, which gained over 7%. Event driven strategies fell by -1.4%, paring year to date gains to 3.1%, with weakness in activist, distressed and equity special situations funds. Falling yields and increased volatility failed to offset the impact of credit weakness as Relative Value Arbitrage funds posted a decline of -1.3%, the first decline for this strategy in 2012, narrowing year to date gains to 3.1%, for the global strategy.

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