Fri, Nov 27, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index down 1.35% in June (4.25% YTD), hedge funds stumble after 12 straight months of gains

Monday, July 15, 2013
Opalesque Industry Update - After twelve consecutive months of gains, hedge funds lost 1.35% in June 2013, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index remains up 4.26% year to date.

“A comment by Fed chairman Ben Bernanke that the Fed may begin to taper its asset purchases caused interest rates to skyrocket while prices for equities, commodities, and emerging market currencies plummeted,” says Sol Waksman, founder and president of BarclayHedge.

Overall, 14 of Barclay’s 18 hedge fund strategies lost ground in June. The Barclay Emerging Markets Index dropped 3.97%, Distressed Securities lost 2.00%, Global Macro gave up 1.75%, Fixed Income Arbitrage was down 1.28%, and European Equities lost 1.21%.

“Downward moves in currency prices and sharp increases in local interest rates hit Emerging Markets hard in June,” says Waksman.

On the positive side, the Barclay Technology Index gained 0.98% in June, Equity Market Neutral was up 0.66%, Equity Short Bias rose 0.61%, and Convertible Arbitrage added 0.47%.

The Barclay Fund of Funds Index lost 1.66% in June, but is still up 3.08% year to date.

After the first two quarters of 2013, the Pacific Rim Equities Index has gained 13.08%, Healthcare & Biotechnology is up 10.60%, the Equity Long Bias Index has gained 8.41%, and Distressed Securities have returned 7.74%.

Equity Short Bias has lost 15.80% year to date. Emerging Markets slipped into negative territory in June, and is down 0.40% for the year. All other hedge fund strategies tracked by BarclayHedge are all in positive territory for 2013.

Click here to view five years of Barclay Hedge Fund Index data, or download 16 years of monthly data.

Press release


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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November