Sat, Jul 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 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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe