Tue, Sep 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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is