Thu, Jul 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge funds continue downward trend, Barclay Hedge Fund Index slides 1.04% in November (-4.70% YTD)

Tuesday, December 13, 2011
Opalesque Industry Update - Hedge funds lost 1.04% in November, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is down 4.70% in 2011.

"The S&P 500 gained 0.10 percent during the month, concealing stomach-churning intra-month volatility,"says Sol Waksman, founder and president of BarclayHedge.

"Fears that a European banking system meltdown and a slowing Chinese economy would push the US back into recession drove US stocks down nearly eight percent during the month, before coordinated government action rallied the markets in the final three days of November."

Fourteen of Barclay's 18 hedge fund indices lost ground in November. The Emerging Markets Index fell 3.21%, Equity Long Bias gave back 2.00%, Pacific Rim Equities lost 1.96%, and the Convertible Arbitrage Index was down 1.02%.

"The US Dollar gained ground against all major currencies except the Yen, boosted by a flight-to-quality rally," says Waksman.

"Although a good deal of press has been given to speculation on the imminent demise of the Euro, our recent survey found that 80 percent of hedge fund managers believed there was less than a 50 percent chance that the Euro would disintegrate over the next 18 months."

Hedge funds have posted negative returns in six of the last seven months, the longest downward trend since the second half of 2008. The Barclay Emerging Markets Index has lost 11.56% in 2011.

The Equity Short Bias Index gained 2.35% in November, Healthcare & Biotechnology was up 0.81%, and the Merger Arbitrage Index rose 0.49%.

The Barclay Fund of Funds Index lost 0.77% in November, and is down 5.46% year-to-date.

Press Release

Full performance table: www.barclayhedge.com

BM

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: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge funds, seeing opportunity, invest in struggling hotels in Puerto Rico[more]

    From NYTimes.com: Puerto Rico’s tourism industry has fallen victim to the island’s struggling economy, hit by one misfortune after another. In March, the San Juan Beach Hotel filed for bankruptcy. This week, the Condado Plaza Hilton was forced to close its casino. But nearly two thousand miles away,

  3. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  4. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  5. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

 

banner