HFRI-I Liquid Alternative UCITS Indices: August 2023 Performance Notes

08/31/2023 Performance Notes

In August, global financial markets posted declines following two strong months of performance. Interest rates increased, and inflation data remained elevated but moderated from the historic levels seen in 2Q23. Cyclicals, Semiconductors, and Commodity sensitive areas led equity market declines; Hong Kong, Singapore, Germany, and the Netherlands led regional declines. US interest rates increased led by longer dated maturities as the yield curve steepened; the US dollar fell sharply against the Swiss Franc and British Pound, however, the US Dollar surged against the Japanese Yen. Commodities posted mixed performance with Oil and Natural Gas leading Energy gains; Aluminum and Copper led Metal declines while Wheat and Hogs led Agricultural declines.
The HFRI-I Liquid Alternative UCITS Index posted a decline of -0.55% in August.

HFRI-I Event Driven Index gained +0.68%
HFRI-I Macro Index gained +0.28%
HFRI-I Relative Value Index declined -0.46%
HFRI-I Equity Hedge Index declined -1.19%

Comments reference performance as of August 31, 2023