HFRI-I Liquid Alternative UCITS Indices: September 2020 Performance Notes

09/30/2020 Performance Notes

Global financial markets declined in September as investors focused on upcoming US elections as well as continued challenges to reopening businesses as a result new virus cases. Led by Energy & Financials sectors, global equity markets declined for the months, though pared intra-month declines into month end. US interest rates declined on near term uncertainty and commitment of US Federal Reserve to maintain low rates until inflation targets are reached. The US dollar gained against the British Pound, Euro and Swiss Franc though declined against the Japanese Yen, while commodity declines were led by Oil, Silver & Platinum; agricultural commodities were mixed with gains led by spike in Lean Hogs. Hedge Funds strategies provided mixed performance in September with the HFRI-I Liquid Alternative UCITS Index declining -0.50% for the month.

HFRI-I Equity Hedge Index declined -0.54% in September
HFRI-I Event Driven Index posted a gain of +0.06%
HFRI-I Macro Index declined -0.70%
HFRI-I Relative Value Arbitrage Index declined -0.41%

Comments reference performance as of September 30, 2020