Thu, Jul 31, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index up 0.32% in October (+6.09% YTD)

Thursday, November 15, 2012
Opalesque Industry Update: Hedge funds gained 0.32% in October, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 6.09% year to date. “News flows continued to drive the markets in October,” says Sol Waksman, founder and president of BarclayHedge.

“Equity markets rallied early in the month on the ECB’s announced willingness to purchase unlimited amounts of Spanish government debt, but weak third quarter earnings contributed to economic growth concerns that caused equity prices to end mostly lower.”

Overall, 13 of Barclay’s 18 hedge fund indices gained ground in October.

The Barclay Distressed Securities Index was up 2.40%, Equity Short Bias gained 1.08%, European Equities rose 1.00%, the Event Driven Index added 0.78%, and the Multi Strategy Index was up 0.57%.

“Distressed Securities funds are benefitting from artificially low interest rates on government bonds that are driving yield-hungry investors into high-yield credits,” says Waksman.

On the negative side of the ledger, the Merger Arbitrage Index fell 1.89%, Technology was down 1.81%, and Global Macro lost 0.81%.

Year to date, the Healthcare & Biotechnology is up 13.60%, and Distressed Securities have gained 10.03%. The Equity Short Bias Index has lost 17.15% in 2012. All other strategies tracked by BarclayHedge have had positive returns this year.

The Barclay Fund of Funds Index lost 0.19% in October, but remains up 2.98% 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: Kyria Capital Management bets on women hedge fund managers[more]

    Bailey McCann, Opalesque New York: As hedge fund assets top $3 trillion, and long/short strategies get more crowded than ever, with every manager hunting for even the tiniest bit of alpha, a new firm has emerged that claims its own edge – women. A recent Rothstein Kass study showed women-owned a

  2. 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

  3. 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

  4. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  5. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by