Tue, May 26, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge fund performance may be determined by European outcome

Monday, July 16, 2012
Opalesque Industry Update: Hedge funds gained 0.66% in June, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 2.39% year to date.

“A bailout package for Spain announced early in the month helped to set a more positive tone for equity markets in June,” says Sol Waksman, founder and president of BarclayHedge.

“The ECB’s month-end agreement to make loans directly to eurozone banks added fuel to the rally and propelled the S&P 500 to its largest single day gain this year, demonstrating yet again that Europe’s financial woes continue to be a major determinant of hedge fund and equity market performance.”

The Barclay Hedge Fund Index has gained ground in four of the first six months of 2012, mirroring the largely positive performance of equity markets.

“Each time that sentiment regarding Europe turns more negative, hedge funds have a down month as investors move into risk-off mode and sell equities,” says Waksman.

Overall, 13 of Barclay’s 18 hedge fund indices had positive returns in June. The Healthcare & Biotechnology Index gained 2.57%, Equity Long Bias was up 1.63%, Merger Arbitrage gained 0.69%, the Convertible Arbitrage Index rose 0.66%, and Pacific Rim Equities added 0.62%.

On the losing side, the Barclay Equity Short Bias Index dropped 1.95% in June, following a 9.03% gain in May. The Technology Index was down 0.52% in June.

After two quarters in 2012, Healthcare & Biotechnology leads all hedge fund strategies with an 8.86% cumulative gain. Convertible Arbitrage is up 5.06%, Equity Long Bias has gained 4.39%, and Fixed Income Arbitrage is up 4.39%.

The Equity Short Bias Index is the only losing hedge fund strategy in 2012, and is down 9.80% year to date.

The Barclay Fund of Funds Index lost 0.49% in June, but remains up 0.94% in 2012.

BarclayHedge

Press Release

BM

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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. Opalesque Exclusive: Ovation Partners targets opportunities where few "natural lenders" participate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Changes in financial regulations post-2008 (Dodd-Frank and Basel III) are forcing banks to significantly alter their core lending businesses. And as mid-sized

 

banner