Realized asset volatility driven by the spreading coronavirus surged in the last month, touching off steep hedge fund losses across regional equity and energy commodity markets, according to HFR.
The Chicago-based company’s China Index declined 3% in January as Japan fell 1.1%. The Shanghai Composite Index, which was down 8% at the beginning of February was down 2.4% in January.
Energy commodities and regional equity markets were the most effected by the virus contagion and have posted sharp declines and increases in volatility. Overall, the HFRI Emerging Markets (Total) Index declined . . .
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