Mon, Oct 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index down 0.29% (est.) in August (+1.69% YTD), equity short bias and arbitrage strategies profitable

Tuesday, September 14, 2010
Opalesque Industry Update – Hedge funds slid 0.29% in August according to the Barclay Hedge Fund Index compiled by BarclayHedge.

“Global equity markets beat a retreat in August as the ‘fear trade’ returned with a vigor after having been smothered by increased risk appetite in July,” says Sol Waksman, founder and president of BarclayHedge.

“The fear trade is a product of investor nervousness and typically gives rise to selling of equities and purchases of US Treasury bonds.”

The Barclay Equity Long Bias Index lost 2.03% in August, Equity Long/Short was down 0.76%, while the Equity Market Neutral Index nearly held its ground with a 0.10% loss.

Globally, the Pacific Rim Equities Index lost 1.29%, European Equities were down 0.50%, and Emerging Markets slid 0.08%.

On the positive side, the Barclay Equity Short Bias Index rebounded from a 3.21% loss in July with a 2.49% August gain.

Arbitrage strategies also performed well this month. Convertible Arbitrage was up 1.70%, Merger Arbitrage gained 1.22%, and the Fixed Income Arbitrage Index rose 1.11%.

“The fear trade helped to drive up bond prices in August, and interest-rate sensitive strategies were positively impacted,” says Waksman.

“Merger Arbitrage did well as HP launched a bidding war for 3Par, Intel purchased McAfee, and BHP pursued a hostile bid for PotashCorp.”

The Barclay Fund of Funds Index lost 0.02% in August, and is down 0.81% for the year.

(press release)

Full performance table: Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   

Banner

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  2. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  3. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  4. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  5. HFRI Fund Weighted Composite Index down -0.40% in September (+3.43% YTD)[more]

    Macro hedge funds posted gains for the fifth time in six months in September, topping the August gain to post their best monthly performance since July 2012 as the U.S. dollar surged. The HFRI Macro Index gained +1.8 percent for the month, led by contributions from Macro: Multi strategy, CTA and Cur