Wed, May 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index Up 0.40% in November (+6.36% YTD)

Friday, December 14, 2012
Opalesque Industry Update: Hedge funds gained 0.40% in November, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 6.36% year to date.

“In spite of an early month sell-off driven by fiscal cliff fears followed by a mid-month rally fueled by encouraging economic data, hedge funds were able to get through the tumult with a small profit in November,” says Sol Waksman, founder and president of BarclayHedge.

The Barclay European Equities Index led all hedge fund strategies in November with a 1.54% gain. Merger Arbitrage was up 1.17%, the Event Driven Index added 0.83%, and Fixed Income Arbitrage gained 0.75%.

“Europe outperformed the US in November; the MSCI Europe Index gained 2.41 percent versus a gain of 0.58 percent for the S&P 500 Total Return Index,” says Waksman.

“In spite of the uncertainty of a clear path to resolution of the eurozone’s fiscal woes, European equities have managed to gain 12.8% this year.”

Only three of the 18 hedge fund strategies tracked by BarclayHedge had losses in November. The Equity Short Bias Index was down 2.34%, Technology lost 0.43%, and Global Macro slid 0.31%.

Year to date, Healthcare & Biotechnology is up 12.93%, and Distressed Securities have gained 10.00%, European Equities are up 8.55%, and Fixed Income Arbitrage has gained 8.47%.

Equity Short Bias is the only losing hedge fund strategy in 2012. After 11 months, Short Bias is down 19.34%. This is its biggest loss since 2003, when the Index was down 23.95% at year-end.

“Upward trending equity markets in 2012 have dealt short sellers a difficult hand to play this year,” says Waksman.

“The dramatic 10.04 percent jump in the Equity Short Bias Index in May was not enough to offset seven months of significant losses.”

The Barclay Fund of Funds Index gained 0.40% in November, and is up 3.40% 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. Investing - Third Point's Loeb surfs on as hedge fund washout continues, George Soros has added to his losing bets against the stock market, Hedge funds, VCs and the CIA are throwing money at ex-Bridgewater data scientists' startup, Hedge funds shed retail amid fears of "apocalypse"[more]

    Third Point's Loeb surfs on as hedge fund washout continues From Reuters/Nasdaq.com: Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, sa

  2. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  3. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  4. J.P. Morgan Asset Management launches ultra-short income ETF[more]

    Komfie Manalo, Opalesque Asia: J.P. Morgan Asset Management, the $1.5tln investment management arm of JPMorgan Chase & Co., has launched the JPMorgan Ultra-Short Income ETF (JPST), an actively managed ETF that seeks to provide current incom

  5. News Briefs - A former hedge fund manager is running a free masters program in financial engineering, Trinity Fund Administration Ltd joining the Mainstream BPO Group, Chelsea Clinton's husband joins Silicon Valley's Social Capital, The quants run Wall Street now[more]

    A former hedge fund manager is running a free masters program in financial engineering A former hedge funder is offering a free masters degree in a field that's integral to Wall Street's future. Igor Tulchinsky, a former managing director at Millennium Partners, a New York-based hedge fu