Sat, Aug 19, 2017
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. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  3. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  4. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos

  5. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq