Mon, Sep 1, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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   |   
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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest