Wed, Feb 10, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index gains 0.75% in April (+4.96% YTD); Pacific Rim equities up 13.50% in 2013

Tuesday, May 14, 2013
Opalesque Industry Update: Hedge funds gained 0.75% in April, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 4.96% year to date.

“Equity markets rose again in April on indications of continued easing early in the month and positive earnings reports later in the month,” says Sol Waksman, founder and president of BarclayHedge.

Overall, 15 of Barclay’s 18 hedge fund strategies had positive returns in April. The Barclay Pacific Rim Equities Index continued its strong performance, adding 4.39%. Pacific Rim Equities now have eight straight months of gains, and are up 13.50% in the first four months of 2013.

“The stated goal of the BOJ to double its monetary base in the next two years has weakened the yen and made Japanese exports more competitive in the global market,” says Waksman. “Since Japan is an export economy, a weak yen is good for business."

The Distressed Securities Index gained 1.58% in April, Global Macro rose 1.46%, Emerging Markets were up 1.22%, and the Healthcare & Biotechnology Index added 1.17%.

“Weak GDP growth in China drove commodity prices lower,” says Waksman. “Interest rates in the US and Europe moved lower as well and credit spreads continued to narrow.”

The Barclay Fund of Funds Index gained 0.60% in April, and is up 3.96% year to date.

The Equity Short Bias Index dropped 4.59% in April and has lost 13.30% in the first four months of 2013. Equity Market Neutral was down 0.89%, and the Technology Index gave up 0.72%.

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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time