Thu, Mar 30, 2017
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: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  3. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  4. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  5. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less