Sat, Apr 25, 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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner