Wed, Jul 1, 2015
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. 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. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  3. 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

  4. 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

  5. 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

 

banner