Tue, Aug 22, 2017
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: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  3. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq

  4. David Tepper says we're 'nowhere near an overheated' stock market[more]

    From Marketwatch.com: Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is "ridiculous." The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market's record run, notwithstanding la

  5. Opalesque Exclusive: Altegris and Artivest partner on distribution for alternative funds suite[more]

    Bailey McCann, Opalesque New York: California-based investment firm Altegris has partnered with New York-based alternative investments platform Artivest on distribution for $1 billion in alternative funds. The partnership also launches Artivest's capabilities to offer alternative solutions to acc