Fri, Nov 28, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index up 3.63% in September (+5.26% YTD), index reaches new high ground and recovers from financial meltdown

Wednesday, October 13, 2010
Opalesque Industry Update - Hedge funds gained 3.63% in September according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year-to-date the Index is up 5.26%.

“September’s gain puts the Index into new high ground,” says Sol Waksman, founder and president of BarclayHedge.

“The prior peak was established at the end of October 2007 when the Index gained 2.87 percent. It’s taken three years for hedge funds to recover from the financial meltdown and break their previous high.”

Overall, 17 of Barclay’s 18 hedge fund indices had gains in September. The Barclay Healthcare and Biotechnology Index jumped 6.35%, Equity Long Bias gained 5.86%, Emerging Markets was up 4.98%, and Global Macro rose 3.65%.

“Propelled by a robust rally in global equities, a boom in mergers, and declining credit spreads, 90 percent of the hedge funds that have sent us returns for September have reported a profit,” says Waksman.

The only losing strategy in September was the Equity Short Bias Index, which fell 6.45%.

“Selling the market short has been a difficult strategy in 2010,” says Waksman. “After four winning and four losing months this year, short-sellers are now back in the hole.”

The Barclay Fund of Funds Index gained 2.11% in September, and is up 1.25% for the year.

(press release)

Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed