Sat, Oct 25, 2014
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   |   

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t