Thu, Nov 26, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index gains +0.78% in February, back in the black after January losses (+0.42% YTD)

Monday, March 15, 2010
Opalesque Industry Updates - Hedge funds gained 0.78% in February according to the Barclay Hedge Fund Index compiled by BarclayHedge. Hedge funds are up 0.42% year-to-date, after gaining 23.74% in 2009.

“Hedge funds bounced back in February, more than making up for their 0.34 percent loss in January,” says Sol Waksman, founder and president of BarclayHedge.

“While US and Asian equity markets gained ground in February, European-linked assets underperformed due to concerns about sovereign debt default in Greece and fears of possible contagion impacting the weaker European Union members.”

Overall, 15 of Barclay’s 18 hedge fund indices had a positive return in February. The Barclay Technology Index was up 2.30%, Equity Long Bias was up 1.66%, Healthcare and Biotechnology gained 1.25%, and the Event Driven Index rose 0.98%.

The Barclay Distressed Securities Index is up 3.19% in the first two months of 2010. Distressed Securities gained 30.89% in 2009.

“Bond prices moved higher following Bernanke’s mid-month congressional testimony where he reiterated the Fed’s commitment to maintain low interest rates for an ‘extended period’ of time,” says Waksman. “Rising bond prices typically provide a favorable environment for Distressed Securities.”

On the losing side, Equity Short Bias was down 2.02% in February, European Equities lost 0.62%, and Pacific Rim Equities slipped 0.09%.

The Barclay Fund of Funds Index gained 0.17% in February.

Full performance table available: Source


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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. Investing - BlackRock targets ETF investors with flexible currency hedging, Nelson Peltz bets on General Electric Company and Mondelez International, Apple plummets to 4th place among hedge holdings, from No. 1, Top Q3 equity purchases and sales of top 50 hedge funds[more]

    BlackRock targets ETF investors with flexible currency hedging From BlackRock Inc., the world’s largest asset manager, is changing course on exchange-traded funds that protect against currency volatility. After stressing the easy switch between hedged and unhedged ET

  3. BlackRock is shutting down its Global Ascent macro fund[more]

    Komfie Manalo, Opalesque Asia: BlackRock, the world’s largest asset manager, has announced plans to shut down a macro fund, Global Ascent Fund, because of "headwinds facing the industry". The hedge fund, which makes bets on stock, bond and currency markets, will return money to investors. Ac

  4. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  5. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega