Tue, Oct 6, 2015
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


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: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  2. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  3. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  4. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From Marketrealist.com: In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  5. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Reuters.com: Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'