Sun, Apr 30, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index gains +0.78% 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

kb

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. Opalesque Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Gondor Capital sees challenges ahead for financial markets as two hedge funds post strong gains in Q1[more]

    Komfie Manalo, Opalesque Asia: Vincent Au, portfolio manager of New York-based hedge fund firm Gondor Capital Management believes that the remaining of the year would be challenging for the financial markets even as his two hedge funds maintain

  3. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob

  4. Regulatory - 'Fist bumps' at hedge funds over Trump's tax plan[more]

    From Reuters.com: U.S. hedge fund managers began warming to President Donald Trump soon after his surprise election ignited a powerful stock market rally. Now, his dramatic tax cut plans give them even more reasons to cheer. Trump, looking to make good on pledges for sweeping tax reform, on Wednesda

  5. Investing - Some of the world's biggest hedge funds think private equity stocks are cheap, International stock funds attract $1.8 billion post-French election, ValueAct unveils interest in KKR as firm shows earnings beat[more]

    Some of the world's biggest hedge funds think private equity stocks are cheap From Forbes.com: As institutional investors pile into new mega-sized private equity funds, allowing firms like Apollo, Blackstone, Carlyle and KKR to raise record amounts of cash, much of this gush of money has