Wed, Oct 18, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index down 1.35% in June (4.25% YTD), hedge funds stumble after 12 straight months of gains

Monday, July 15, 2013
Opalesque Industry Update - After twelve consecutive months of gains, hedge funds lost 1.35% in June 2013, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index remains up 4.26% year to date.

“A comment by Fed chairman Ben Bernanke that the Fed may begin to taper its asset purchases caused interest rates to skyrocket while prices for equities, commodities, and emerging market currencies plummeted,” says Sol Waksman, founder and president of BarclayHedge.

Overall, 14 of Barclay’s 18 hedge fund strategies lost ground in June. The Barclay Emerging Markets Index dropped 3.97%, Distressed Securities lost 2.00%, Global Macro gave up 1.75%, Fixed Income Arbitrage was down 1.28%, and European Equities lost 1.21%.

“Downward moves in currency prices and sharp increases in local interest rates hit Emerging Markets hard in June,” says Waksman.

On the positive side, the Barclay Technology Index gained 0.98% in June, Equity Market Neutral was up 0.66%, Equity Short Bias rose 0.61%, and Convertible Arbitrage added 0.47%.

The Barclay Fund of Funds Index lost 1.66% in June, but is still up 3.08% year to date.

After the first two quarters of 2013, the Pacific Rim Equities Index has gained 13.08%, Healthcare & Biotechnology is up 10.60%, the Equity Long Bias Index has gained 8.41%, and Distressed Securities have returned 7.74%.

Equity Short Bias has lost 15.80% year to date. Emerging Markets slipped into negative territory in June, and is down 0.40% for the year. All other hedge fund strategies tracked by BarclayHedge are all in positive territory for 2013.

Click here to view five years of Barclay Hedge Fund Index data, or download 16 years of monthly data.

Press release

www.barclayhedge.com

Bg

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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad