Sat, Oct 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index gains +0.56% in November, +7.75% YTD

Monday, December 13, 2010
Opalesque Industry Update - Hedge funds gained 0.56% in November according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 7.75% year-to-date.

“Hedge funds appear to be on their way to another profitable year,” says Sol Waksman, founder and president of BarclayHedge.

"The Barclay Hedge Fund Index has had consistent gains in 13 of the past 14 years. The single losing year was a 23.53% loss in 2008 when global stock markets collapsed."

Fourteen of Barclay’s 18 hedge fund indices were up in November. The Barclay Pacific Rim Index gained 1.80%, Equity Long Bias was up 1.09%, Equity Market Neutral gained 0.92%, and European Equities rose 0.85%.

"With equity markets in all but three developed countries declining in November, equity-based hedge funds certainly earned their fees last month," says Waksman.

The Equity Short Bias Index lost 1.78% in November, Global Macro dropped 0.56%, and Emerging Markets were down 0.23%.

“Although equity prices declined in two-thirds of the developing markets, funds trading in this sector did a good job of limiting losses,” says Waksman. "Potential damage from rising interest rates was also well-contained by managers."

The Barclay Fund of Funds Index gained 0.18% in November, and is up 2.99% 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: BlackRock taps Artivest for alternative investment platform partnership[more]

    Bailey McCann, Opalesque New York: BlackRock will be working with New York-based Artivest to provide a platform for broader distribution of BlackRock alternatives funds. Artivest is a technology-driven alternative investment platform that also offers brokerage services. BlackRock has approximatel

  2. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  3. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  4. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  5. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to