Fri, Sep 30, 2016
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. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  2. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  3. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  4. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to

  5. Hedge funds pull back from Deutsche Bank[more]

    Bailey McCann, Opalesque New York: Hedge funds are pulling some of their business from Deutsche Bank, according to a Bloomberg report. People familiar with th