Sat, Mar 7, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge funds retreat 1.13% in May (+1.87% YTD), emerging markets index falls -4.08%

Monday, June 13, 2011
Opalesque Industry Update - Hedge funds gave back 1.13% in May according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year-to-date, the Index remains up 1.87%.

“After eight months of steady gains, the Barclay Hedge Fund Index fell back in May,” says Sol Waksman, founder and president of BarclayHedge.

“Continuing turmoil in the Middle East, tightening in China, Eurozone concerns and the US debt ceiling debate all contributed to investor jitters and a resultant flight from risk assets.”

Thirteen of Barclay’s 18 hedge fund indices were down in May, while five held their ground or advanced. The Emerging Markets Index took the biggest fall, losing 4.08% in one month.

“Emerging market equities took a double-barreled hit in May as concerns of a slowing recovery in the US coupled with a sharp sell-off in commodities,” says Waksman.

The Equity Long Bias Index lost 1.70%, Pacific Rim Equities lost 1.40%, Global Macro was down 1.04%, and the Multi Strategy Index slid 0.64%.

On the positive side, Equity Short Bias reversed its downward trend with a 2.02% gain.

“The decline in both US and international stock markets gave Equity Short Bias a boost in May, while sending most other equity indices downward,” says Waksman.

“Equity Short Bias Index marked its first gain since August of 2010, breaking a string of eight straight months of losses.”

Healthcare & Biotechnology was up 1.57%, Fixed Income Arbitrage gained 0.47%, and the Merger Arbitrage Index was up 0.39%.

The Healthcare & Biotechnology Index has gained 8.66% in the first five months of 2011, leading all hedge fund strategies tracked by BarclayHedge.

The Barclay Fund of Funds Index lost 1.15% in May, but remains up 0.78% for the year.

(press release)

Full performance table: Source

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. SkyBridge opens office in Palm Beach County[more]

    Where better for a southern location than South Florida? SkyBridge Capital, which is headquartered in New York, has opened an office in Palm Beach Gardens. Palm Beach Gardens is a "Signature City" in northern Palm Beach County, with a population of around 49,000.

  2. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  3. Patrick McCormack to shut down hedge fund Tiger Consumer[more]

    Komfie Manalo, Opalesque Asia: Patrick McCormack is shutting down his hedge fund Tiger Consumer Management after 15 years "to spend more time with his family," reported Reuters. Tiger Consumer ended February up 4.6% (+3.9% YTD) and assets roughly $1.4bn, reported

  4. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  5. Outlook - 5 reasons why 2015 is looking like a breakout year for alternative investments, Hedge fund manager Dan Loeb predicts disappointment for funds seeking energy distress[more]

    5 reasons why 2015 is looking like a breakout year for alternative investments From Forbes.com: …After a strong 2014, the public markets have been off to a choppy start in 2015. This year, savvy investors may be looking for alpha elsewhere. For many institutions and high-net-worth indivi