Tue, Apr 28, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner