Fri, Dec 9, 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. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest