Thu, Mar 30, 2017
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. Opalesque Exclusive: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  3. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He

  4. Opalesque Exclusive: Swiss start-up and German fund manager to launch AI hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: NNAISENSE, a Swiss start-up that develops artificial intelligence (AI) and machine learning applications, and

  5. Eric Mindich to shutter hedge fund Eton Park after difficult 2016[more]

    Komfie Manalo, Opalesque Asia: Erich Mindich is shutting down his hedge fund Eton Park after losing 9% in 2016 and its assets falling by $2bn to the current $7bn, Reuters reported. Mindich told investors