Sat, May 25, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
Industry Updates

Barclay Hedge Fund Index up 0.32% in October (+6.09% YTD)

Thursday, November 15, 2012
Opalesque Industry Update: Hedge funds gained 0.32% in October, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 6.09% year to date. “News flows continued to drive the markets in October,” says Sol Waksman, founder and president of BarclayHedge.

“Equity markets rallied early in the month on the ECB’s announced willingness to purchase unlimited amounts of Spanish government debt, but weak third quarter earnings contributed to economic growth concerns that caused equity prices to end mostly lower.”

Overall, 13 of Barclay’s 18 hedge fund indices gained ground in October.

The Barclay Distressed Securities Index was up 2.40%, Equity Short Bias gained 1.08%, European Equities rose 1.00%, the Event Driven Index added 0.78%, and the Multi Strategy Index was up 0.57%.

“Distressed Securities funds are benefitting from artificially low interest rates on government bonds that are driving yield-hungry investors into high-yield credits,” says Waksman.

On the negative side of the ledger, the Merger Arbitrage Index fell 1.89%, Technology was down 1.81%, and Global Macro lost 0.81%.

Year to date, the Healthcare & Biotechnology is up 13.60%, and Distressed Securities have gained 10.03%. The Equity Short Bias Index has lost 17.15% in 2012. All other strategies tracked by BarclayHedge have had positive returns this year.

The Barclay Fund of Funds Index lost 0.19% in October, but remains up 2.98% in 2012.

BarclayHedge

Press release

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 Banner More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Endurance Series Trust launches first mutual fund, multi-series trust[more]

    Bailey McCann, Opalesque New York: Endurance Series Trust, a multi-series trust, is launching with Gator Capital Management, LLC as the adviser for the Trust’s first mutual fund series. Endurance Fund Services, LLC, an independently owned and operated fund administration company will serve as t

  2. Morgan Creek Capital Management to acquire Signet Capital Management[more]

    Bailey McCann, Opalesque New York: Investment firm Morgan Creek Capital Management has acquired Signet Capital Management a UK-based credit fund of funds with $700M in assets under management. Under the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek

  3. Moore Capital founder Louis Bacon to anchor $750m senior loan fund[more]

    From PEhub.com: Billionaire hedge fund manager Louis Bacon is placing a big bet on mid-market lending by backing a new firm that is seeking to raise a $750 million debt fund aiming at the lower end of the middle market, two sources told sister magazine Buyouts. Bacon, the founder of Moore Capi

  4. North America – Students are launching hedge funds on colleges across America[more]

    From Valuewalk.com: …From Cornell, whose student-run hedge fund beat Wall Street returns to the University of Michigan, which allows its students to manage as much as $250,000, student hedge fund are becoming a more prominent part of financial education. Their success has attracted the attention of

  5. A SQUARE Index returns: The Opalesque A SQUARE Index gained 1.39% in the first month of 2013. The A SQUARE Funds of Funds Index performed slightly worse with a gain of 0.68%.