Thu, Jul 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Equity funds post gains In august Barclay Hedge Fund Index up 1.09% (+4.20% YTD)

Monday, September 17, 2012
Opalesque Industry Update: Hedge funds gained 1.09% in August, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 4.20% year to date.

“Equity prices moved mostly higher in August in spite of economic data calling for a continued slowdown in growth,” says Sol Waksman, founder and president of BarclayHedge.

“Investors appeared to be betting on further stimulus from central banks, and recent actions from the Fed and the ECB have proven them right.”

In August, 16 of Barclay’s 18 hedge fund indices had gains. The Barclay Equity Long Bias Index led the way with a 1.95% return, the Event Driven Index gained 1.91%, Distressed Securities added 1.67%, and the Healthcare & Biotechnology Index was up 1.42%.

On the losing side of the ledger, the Equity Short Bias Index fell 3.26%, and Pacific Rim Equities were down 0.27%.

“Concerns about a weakening Chinese economy, earning misses by Korean companies, and declining Japanese exports to Europe have had a negative impact on markets in the Pacific Rim,” says Waksman.

Equity Short Bias has lost 12.42% year to date, and is the only hedge fund strategy with a negative return in 2012.

“It’s been a volatile year for hedge funds trading the short side of the market, with a 9.21 percent loss in January, a 10.04 percent gain in May, and a lot of chop in-between those two extremes,” says Waksman.

The Healthcare & Biotechnology Index has been the strongest performer in 2012, with a gain of 10.76% after eight months. Convertible Arbitrage is up 6.78%, Fixed Income Arbitrage has added 6.26%, and the Equity Long Bias Index has gained 5.73%.

The Barclay Fund of Funds Index gained 0.67% in August, and is up 2.42% 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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  3. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  4. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  5. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag