Tue, Jun 30, 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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  3. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

  4. Qbasis gets $200m-plus investment in 'black swan' hedge fund[more]

    From Reuters.com: A hedge fund that more than doubled clients' money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets. Qbasis Invest has secured the investment from Britain's Omada Capital, Florian Wagner, wh

  5. Outlook - Jim Rogers: Turmoil is coming[more]

    From Peakprosperity.com: Two years since his last interview with us, investor Jim Rogers returns and notes that the risks he warned of last time have only gotten worse. In this week's podcast, Jim shares his rational for predicting: increased wealth confiscation by the central planners

 

banner