Tue, Jul 7, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index Up 0.40% in November (+6.36% YTD)

Friday, December 14, 2012
Opalesque Industry Update: Hedge funds gained 0.40% in November, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 6.36% year to date.

“In spite of an early month sell-off driven by fiscal cliff fears followed by a mid-month rally fueled by encouraging economic data, hedge funds were able to get through the tumult with a small profit in November,” says Sol Waksman, founder and president of BarclayHedge.

The Barclay European Equities Index led all hedge fund strategies in November with a 1.54% gain. Merger Arbitrage was up 1.17%, the Event Driven Index added 0.83%, and Fixed Income Arbitrage gained 0.75%.

“Europe outperformed the US in November; the MSCI Europe Index gained 2.41 percent versus a gain of 0.58 percent for the S&P 500 Total Return Index,” says Waksman.

“In spite of the uncertainty of a clear path to resolution of the eurozone’s fiscal woes, European equities have managed to gain 12.8% this year.”

Only three of the 18 hedge fund strategies tracked by BarclayHedge had losses in November. The Equity Short Bias Index was down 2.34%, Technology lost 0.43%, and Global Macro slid 0.31%.

Year to date, Healthcare & Biotechnology is up 12.93%, and Distressed Securities have gained 10.00%, European Equities are up 8.55%, and Fixed Income Arbitrage has gained 8.47%.

Equity Short Bias is the only losing hedge fund strategy in 2012. After 11 months, Short Bias is down 19.34%. This is its biggest loss since 2003, when the Index was down 23.95% at year-end.

“Upward trending equity markets in 2012 have dealt short sellers a difficult hand to play this year,” says Waksman.

“The dramatic 10.04 percent jump in the Equity Short Bias Index in May was not enough to offset seven months of significant losses.”

The Barclay Fund of Funds Index gained 0.40% in November, and is up 3.40% 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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner