Tue, Jul 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index up 1.31% in April, 4.58% YTD

Friday, May 14, 2010
Opalesque Industry Update – Hedge funds gained 1.31% in April according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index has gained 4.58% in the first four months of 2010.

“Rising fears of default in the Euro zone were a negative for European equity markets,” says Sol Waksman, founder and president of BarclayHedge.

In contrast to hedge funds trading in other equity markets, the Barclay European Equities Index was up just 0.05% in April.

“On the other hand, increasing political risk for US financial institutions in the face of SEC fraud charges brought against Goldman Sachs did little to impede the ongoing rally in US equities driven by improving economic statistics,” says Waksman.

All but one of Barclay’s 18 hedge fund indices gained ground in April. The Distressed Securities Index jumped 2.88%, Convertible Arbitrage gained 2.32%, Equity Long Bias, was up 2.04%, the Event Driven Index rose 1.62%, and Fixed Income Arbitrage was up 1.65%.

The Barclay Distressed Securities Index has gained 9.52% in the first four months of 2010.

“As investors have become more aggressive in their search for yield, prices for high yield bonds have continued to increase at a faster rate than investment grade bonds,” says Waksman. “It’s been an excellent environment for buyers of distressed securities.”

The Equity Short Bias Index lost 5.87% in April. After a 2.55% gain in January, the Index has plummeted during the past three months, and is now down 11.20% in 2010.

“While most hedge fund strategies have been profitable over the past three months, short sellers have been punished by broadly rising equity markets,” says Waksman.

The Barclay Fund of Funds Index gained 0.95% in April, and is up 2.40% year-to-date.

Full performance table: Source


BarclayHedge was founded in 1985 and actively tracks more than 5,800 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indices and eight managed futures indices.


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. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass