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Commodity Hedge Funds Continue Building Momentum In 2014 - Newedge Commodity Trading Index Up 0.63% In June, 3.55% YTD

Date 30/07/2014

Newedge, a global leader in multi-asset brokerage and clearing, today announced the performance for its suite of hedge fund indices for the month of June. 

Commodity funds, as represented by the Newedge Commodity Trading Index, were the best performers in June, finishing the month up 0.63%. The Newedge Trading Index continues to build on 2014 gains, leading the Newedge Index performance year-to-date with a return of 3.55%.

 

The Commodity Equity sub-index extends the positive performance achieved in 2013 and is up 4.85% year-to-date with a return of 1.62% for the month of June.

 

James Skeggs, Global Head of Advisory Group Alternative Investment Solutions at Newedge said:

“The Newedge Commodity Trading Index has had its best performance since 2012 so far this year and many managers are positive about the opportunities in the near future. As a result, we have seen a pickup of investors reconsidering investing in commodities.”

 

The Newedge Macro Trading Index exhibited slightly negative performance in June, ending the first half of the year with a decline of -1.35%. The Macro Quantitative sub-index leads the positive performance of the index with a return of 0.66% in June and 3.37% year-to-date.

 

“The relatively low levels of volatility in the market have resulted in a tough first half of the year for the Newedge Volatility Trading Index, declining -0.25% in June and bringing the performance for the year down to -1.50%,” James Skeggs commented further.

 

Index

June Return

YTD Return

 

 

 

Newedge Macro Trading Index

-0.27%

-1.35%

Newedge Macro Trading Index (Quantitative)

0.66%

3.13%

Newedge Macro Trading Index (Discretionary)

-0.97%

-3.81%

Newedge Commodity Trading Index

0.63%

3.55%

Newedge Commodity Trading Index (Trading)

0.45%

3.37%

Newedge Commodity Trading Index (Equity)

1.62%

4.85%

Newedge Volatility Trading Index

-0.25%

-1.50%

The Newedge Macro Trading Index includes global macro managers who typically employ top-down fundamental research to forecast the effects of global macroeconomic and political events on the valuation of financial instruments. These strategies may be either discretionary or systematic, and are frequently focused on a diversified basket of instruments.

The Newedge Commodity Trading Index includes funds that utilize a variety of investment strategies to profit from price moves in commodity markets. Managers may typically use either a trading orientated approach, typically involving the trading of physical commodity products and/or of commodity derivative instruments in either directional or relative value strategies; or long short equity strategies focused on commodity related stocks.

The Newedge Volatility Trading Index is a performance measure for the volatility trading and arbitrage style within the hedge fund universe. It is an equally weighed portfolio of Volatility Trading & Arbitrage funds.

Newedge’s Alternative Investment Solutions, part of Newedge’s Prime Clearing Services, is an innovator in providing investors with benchmarking tools that accurately represent key hedge fund strategy styles.