Tue, Sep 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index gains 0.75% in April (+4.96% YTD); Pacific Rim equities up 13.50% in 2013

Tuesday, May 14, 2013
Opalesque Industry Update: Hedge funds gained 0.75% in April, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 4.96% year to date.

“Equity markets rose again in April on indications of continued easing early in the month and positive earnings reports later in the month,” says Sol Waksman, founder and president of BarclayHedge.

Overall, 15 of Barclay’s 18 hedge fund strategies had positive returns in April. The Barclay Pacific Rim Equities Index continued its strong performance, adding 4.39%. Pacific Rim Equities now have eight straight months of gains, and are up 13.50% in the first four months of 2013.

“The stated goal of the BOJ to double its monetary base in the next two years has weakened the yen and made Japanese exports more competitive in the global market,” says Waksman. “Since Japan is an export economy, a weak yen is good for business."

The Distressed Securities Index gained 1.58% in April, Global Macro rose 1.46%, Emerging Markets were up 1.22%, and the Healthcare & Biotechnology Index added 1.17%.

“Weak GDP growth in China drove commodity prices lower,” says Waksman. “Interest rates in the US and Europe moved lower as well and credit spreads continued to narrow.”

The Barclay Fund of Funds Index gained 0.60% in April, and is up 3.96% year to date.

The Equity Short Bias Index dropped 4.59% in April and has lost 13.30% in the first four months of 2013. Equity Market Neutral was down 0.89%, and the Technology Index gave up 0.72%.

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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Outlook - Julian Robertson: There are two bubbles that can bite us[more]

    From Businessinsider.com: Legendary hedge fund manager Julian Robertson gave a warning about two bubbles that could "bite us" at Bloomberg Market's Most Influential Summit. "I agree with the fact that the economy is definitely getting better. I think the cause of that is two bubbles that will

  3. Manager Profile: Leon Cooperman: The stock market is 'fairly valued,' but the bond market is 'overvalued'[more]

    From Businessinsider.com: Leon Cooperman of Omega Advisors and Howard Marks of Oaktree just finished a panel at Bloomberg's Most Influential Summit. Bloomberg TV's Stephanie Ruhle was the moderator. The two titans, who have known each other for 40 years, spoke about the market and the state of

  4. North America - Some newly registered U.S. hedge fund advisers are ‘cherrypicking’[more]

    From Reuters.com: Some newly registered U.S. hedge fund advisers are "cherry-picking" investments to showcase their performance and improperly changing how they value securities, an agency official said on Monday. Andrew Bowden, head of the SEC's Office of Compliance, Inspections and Examinati

  5. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar