Thu, Oct 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge funds slide -1.04% in June, Barclay Hedge Fund Index +1.04% YTD

Monday, July 18, 2011
Opalesque Industry Update - Hedge fund performance was down for the second month in a row, with a 1.04% loss in June according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year-to-date the Index is up just 1.02%.

“After eight straight months of gains going back to September of 2010, hedge funds have lost ground for two months in a row, giving up most of their 2011 profits,” says Sol Waksman, founder and president of BarclayHedge.

Overall, 14 of Barclay’s 18 hedge fund indices lost ground in June. The Equity Long Bias Index was down 1.84%, the Event Driven Index lost 1.81%, Healthcare & Biotechnology fell 1.83%, Global Macro was down 1.50%, and Convertible Arbitrage slid 1.26%.

“Equity markets lost ground in June despite a robust 4.5 percent rally late in the month,” says Waksman.

“Concern of an economic slowdown coupled with apprehension over the inability of political leaders to agree on a plan to repair government balance sheets has made investors skittish.”

The Barclay Equity Short Bias Index regained some lost ground in June, surging 4.69%. Short Bias is now down just 2.96% for the year.

“Through April, traders on the short side of the market were deeply in the red,” says Waksman.

“They’ve shot back up more than five percent over the past two months, putting their funds in a much stronger position starting the second half of 2011.”

After two quarters in 2011, the Healthcare & Biotechnology Index leads all hedge fund strategies with a 6.70% gain. The Technology Index is up 4.88%, Fixed Income Arbitrage has gained 5.08%, the Distressed Securities Index is up 4.02%, and Convertible Arbitrage has added 3.51%.

The Barclay Fund of Funds Index lost 1.36% in June, and is down 0.55% 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. Macks aim to raise $750m for real estate debt fund[more]

    From Therealdeal.com: Father-son duo William and Richard Mack and former Blackstone Group managing director Peter Sotoloff are starting a new real estate debt fund. Together, the trio hopes to raise more than $750 million for the private equity fund, according to the Wall Street Journal. The fund wi

  2. Manager Profile - Seth Klarman: Lessons for retail and institutional investors[more]

    From Valuewalk.com: Seth Klarman is virtually unknown outside value circles, despite his impressive record and value of assets under management. On average Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman’s funds lost some

  3. North America - FATCA leads 75% of U.S. expats to consider dropping citizenship[more]

    From International-adviser.com: Nearly three quarters of American expats are considering the renouncement of their citizenship following July’s introduction of the “absurd” Foreign Account Tax Compliance Act (FATCA). The findings, which were revealed in a survey by deVere, come alongside the news th

  4. Hedge funds fell 1.18% in September on Fed tightening and ECB loosening[more]

    Komfie Manalo, Opalesque Asia: Hedge funds fell 1.18% in September on Fed tightening and loosening of the European Central Bank’s policy on equity markets, according to the Barclay Hedge Fund Index co

  5. New app allows asset managers easy interaction with portfolios, securities, holdings, transaction details[more]

    Komfie Manalo, Opalesque Asia: Global financial services software company SS&C Technologies Holdings has launched Explorer, a powerful data visualization and analysis tool that turns critical investment data into meaningful information. Explore