Mon, Sep 26, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index Gains +2.15% for July (est), +2.2% YTD

Wednesday, August 11, 2010
Opalesque Industry Update - Hedge funds gained 2.15% in July according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 2.2% year-to-date.

All but one of Barclay’s 18 hedge fund indexes had a positive return in July. The Barclay Emerging Markets Index surged 3.54%, Equity Long Bias jumped 3.03%, the Technology Index gained 2.61%, Multi-Strategy was up 2.26%, and Fixed Income Arbitrage rose 2.03%.

“All of the winds were blowing in the right direction in July,” says Sol Waksman, founder and president of BarclayHedge. “Equity markets rallied on the back of strong earnings and bond prices rose as inflation fears subsided.”

“As of today, 80 percent of the hedge funds that have reported returns for July are showing a profit for the month.”

The Emerging Markets Index rebounded from losses of 5.48% in May and 0.22% in June, and is now up 2.73% in 2010.

“Based on the July returns to MSCI indices, emerging market equities in the Far East gained 5.86 percent, Latin America rose 11.85 percent, and Eastern Europe increased by 12.70 percent,” says Waksman.

“Although equity-based hedge funds had a good month in July, as a group they underperformed the equity indices. Since hedge funds have both long and short exposures in their portfolios, it’s not uncommon for them to underperform when equities rally strongly.”

“Let us not forget that the combination of long and short exposures is also a major factor contributing to hedge fund outperformance in down markets.”

The only losing strategy in July was the Equity Short Bias Index, which fell 2.89%. Equity Short Bias has been volatile in 2010, with three months of strong gains versus four months of equally severe losses. Each month has seen a loss or gain ranging between 2.40% and 5.85%.

The Barclay Fund of Funds Index gained 0.76% in July, but remains down 0.68% year-to-date. Click here to view five years of Barclay Hedge Fund Index data, or download 13 years of monthly data.

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. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  2. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  3. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L

  4. Hedge funds saw four consecutive months of outflows in August, but assets still up by $17.6bn YTD[more]

    Komfie Manalo, Opalesque Asia: Hedge funds witnessed four consecutive months of outflows with investor redemptions totaling $23.8bn as of end of August, data provider Eurekahedge said in its monthly report. But total hedge fund assets grew by

  5. Trend reversals lead to losses as managed futures drops 1.52% in August[more]

    Komfie Manalo, Opalesque Asia: Trend reversals in August have led managed futures traders to lose 1.52% last month according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.62% year to dat