Wed, Nov 26, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index gains 2.02% in October; Hedge funds are up 7.24% YTD after two strong months of gains

Monday, November 15, 2010
Opalesque Industry Update - Hedge funds gained 2.02% in October according to the Barclay Hedge Fund Index compiled by BarclayHedge.

Building on September and October gains, the Index is up 7.24% year-to-date, nearly matching the 7.84% gain by the S&P 500 Index.

Following a rough patch in May and June, hedge funds have gained 7.20 percent over the past four months,” says Sol Waksman, founder and president of BarclayHedge.

Over 78 percent of the funds that have reported returns from January through October are profitable in 2010.

All but one of Barclay's 18 hedge fund indices had gains in October. The Barclay Technology Index gained 3.33%, Equity Long Bias was up 3.11%, Emerging Markets gained 2.35%, and Convertible Arbitrage rose 2.32%.

"Global equity prices continued to rally," says Waksman. "Other than Israel and Egypt, all of the equity markets in countries included in the MSCI Developed and Emerging Market Indexes gained ground in October." The Equity Short Bias Index lost 0.45% in October, and is down 6.82% through October 2010.

"Equity Short Bias is the only losing hedge fund category this year," says Waksman. "After a record 40.91 percent gain in 2008, Short Bias has proven to be a challenging strategy over the past two years."

The Barclay Fund of Funds Index gained 1.56% in October, and is up 2.88% for the year. Click here to view five years of Barclay Hedge Fund Index data, or download 13 years of monthly data.

(press release)

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For more commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge was founded in 1985 and actively tracks more than 5,900 hedge funds, funds of hedge funds, and managed futures programs. Each month Barclay provides updated performance rankings for 38 Hedge Fund categories and 16 CTA categories. Institutional investors, brokerage firms and private banks worldwide utilize BarclayHedge indices as performance benchmarks for the hedge fund and managed futures industries...Full press release: Source
KM

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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  3. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  4. 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

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to