Fri, Jan 20, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

83% of hedge funds report losses in August, Barclay Hedge Fund Index down 3.42% (-2.50% YTD)

Monday, September 19, 2011
Opalesque Industry Update – Most hedge fund strategies experienced widespread and significant losses in August, contributing to a 3.42% fall in the Barclay Hedge Fund Index compiled by BarclayHedge. Year-to-date, the Index is down 2.50%.

“In what has been the worst month since Lehman’s failure in September 2008 when hedge funds dropped 6.99 percent, more than 83 percent of the 3,120 funds that have so far provided us with an August return have reported a loss,” says Sol Waksman, founder and President of BarclayHedge.

“The Barclay Hedge Fund Index is now in negative territory for the first time in 2011.”

All but one of Barclay’s 18 hedge fund indices had losses in August. The Equity Long Bias Index dropped 5.42%, Healthcare & Biotechnology fell 5.20%, European Equities were down 4.92%, Emerging Markets lost 4.85%, and the Distressed Securities Index was down 4.05%.

“Markets panicked,” says Waksman. “The threat of a banking system crisis triggered by a sovereign debt default coupled with a lack of political leadership and a weakening economic outlook drove investors to seek shelter from the storm.”

The one strategy that proved profitable was the Barclay Equity Short Bias Index, which soared 7.25%. Equity Short Bias is now up 6.07% through August.

“After eight months of difficult trading conditions, hedge fund managers trading the short side of equity markets have made a strong comeback over the past four months,” says Waksman.

“Short sellers had their largest one-month gain since October 2008, when stocks plummeted and Equity Short Bias funds gained 12.27 percent.”

The Barclay Fund of Funds Index lost 2.44% in August, and is down 2.86% year-to-date.

(press release)

Performance tables: www.barclayhedge.com


BG

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. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised