Opalesque Industry Update - Hedge funds lost 0.44% in July, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index remains up 3.26% in 2014. “European equity prices dropped due to weakening economic data, and US equity prices dropped based on a strengthening recovery,” says Sol Waksman, founder and president of BarclayHedge. “It was a difficult month for equity funds hoping to turn a profit.” Eleven of Barclay’s 18 hedge fund indices had losses in July. The Barclay Healthcare & Biotechnology Index gave up 2.36%, Technology lost 1.66%, Equity Long Bias was down 1.17%, and European Equities lost 1.08%. On the positive side, the Barclay Pacific Rim Equities Index was up 1.23%, Emerging Markets Index gained 0.82%, and Convertible Arbitrage added 0.24%. Year to date, the best performing hedge fund strategy is Healthcare & Biotechnology, with an overall 8.70% gain. Equity Short Bias has lost 9.24%, and Technology is down 3.53%. The Barclay Fund of Funds Index lost 0.46% in July, and but is still up 1.38% in 2014. Press Release
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Industry Updates
Barclay Hedge Fund Index Down 0.44% in July (+3.26% YTD)
Thursday, August 21, 2014
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