Mon, Feb 20, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index down -0.96% in June (+0.13% YTD), Fund of Funds Index -0.74% in June (-1.34% YTD)

Friday, July 16, 2010
Opalesque Industry Updates - Hedge funds lost 0.96% in June according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is now up 0.13% year-to-date.

All but five of Barclay’s hedge fund indexes lost ground in June. The Barclay Equity Long Bias Index fell 2.95%, Healthcare and Biotechnology lost 2.62%, the Technology Index was down 2.22%, Equity Long/Short lost 1.78%, and Pacific Rim Equities were down 1.52%.

“Fears of a ‘double-dip’ recession helped drive equity markets lower for a second month,” says Sol Waksman, founder and president of BarclayHedge.

Four hedge fund strategies performed well in June. The Barclay Equity Short Bias Index jumped 4.08%, Fixed Income Arbitrage was up 0.75%, Merger Arbitrage gained 0.60% and the Convertible Arbitrage Index rose 0.31%.

“On the other side of the flight to quality trade, prices for US 10-year Treasuries rose two percent in June as risk-adverse traders sold stocks and then bought bonds with the proceeds,” says Waksman.

The two best performing hedge fund sectors in 2010 are the Distressed Securities Index, up 6.26% after two quarters, and the Fixed Income Arbitrage Index which has gained 5.53%.

“The ongoing rally in bond markets has been the ‘wind behind the sails’ for sectors that are interest rate sensitive,” says Waksman.

The Barclay Fund of Funds Index lost 0.74% in June, and is down 1.34% year-to-date.

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. With $54bn in assets, Philippines is ready for hedge funds, alternative investment products[more]

    Komfie Manalo, Opalesque Asia: With the country's outstanding fund management industry at $54bn and growing, the Philippine market and its investors are ready to invest in "more sophisticated" asset management products, like hedge funds and alternative investments, said Deanno J. Basas, presi

  2. SoftBank to buy Fortress Investment for $3.3bn[more]

    From Reuters.com: Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. The all-cash deal is SoftBank's first major investmen

  3. ...And Finally - Truth in advertising[more]

    From Newsoftheweird.com: Girl Scout Charlotte McCourt, 11, of South Orange, New Jersey, saw her sales zoom recently when she posted "brutally honest" reviews of the Scouts' cookies she was selling -- giving none of them a "10" and labeling some with dour descriptions. She was hoping to sell

  4. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  5. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed