Thu, Mar 30, 2017
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. Opalesque Exclusive: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  3. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He

  4. Opalesque Exclusive: Swiss start-up and German fund manager to launch AI hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: NNAISENSE, a Swiss start-up that develops artificial intelligence (AI) and machine learning applications, and

  5. Eric Mindich to shutter hedge fund Eton Park after difficult 2016[more]

    Komfie Manalo, Opalesque Asia: Erich Mindich is shutting down his hedge fund Eton Park after losing 9% in 2016 and its assets falling by $2bn to the current $7bn, Reuters reported. Mindich told investors