Sat, Apr 30, 2016
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n