Wed, Dec 2, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund index down 0.54% in August; uncertainty triggers global equities sell-off (+5.22% YTD)

Monday, September 16, 2013
Opalesque Industry Update - Hedge funds lost 0.54% in August, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index has a positive return of 5.22% year to date.

“Uncertainty over the Fed’s tapering timeline and possible US military intervention in Syria were primary drivers of an August global equities sell-off,” says Sol Waksman, founder and president of BarclayHedge. “The MSCI World Index was down 2.1 percent at month-end.”

Returns for hedge fund strategies were mixed in August, with ten of Barclay’s hedge fund indices losing ground while eight had gains.

The Emerging Markets Index lost 1.37%, Global Macro Index gave up 1.27%, Equity Long Bias was down 0.74%, and the Equity Long/Short Index slipped 0.59%.

“Rising US interest rates raised fears of fund outflows from net debtor emerging countries that rely on foreign investment,” says Waksman.

On the positive side, the Barclay Equity Short Bias Index gained 3.04%, Fixed Income Arbitrage was up 0.73%, Convertible Arbitrage rose 0.69%, and the Technology Index added 0.62%.

Year to date the strongest performing hedge fund strategy is Healthcare & Biotechnology, which has gained 15.97%. Pacific Rim Equities are up 14.35%, Equity Long Bias Index has gained 11.42%, and Distressed Securities have returned 10.64%.

Despite the jump by Equity Short Bias in August, the Index remains down 17.05% for the year. Emerging Markets have lost 1.74% after eight months.

The Barclay Fund of Funds Index lost 0.69% in August, but remains up 3.52% year to date.


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. David Einhorn's hedge fund plunged 5.2% in November, set for 2015 loss[more]

    From David Einhorn’s main hedge fund at Greenlight Capital fell 5.2 percent in November and is poised for only its second losing year in almost two decades. The losses bring the fund’s yearly drop to almost 21 percent, according to an e-mail sent to clients that was obtained by Bloomb

  2. 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

  3. 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

  4. Commodities - Stung by oil, distressed-debt traders see worst losses since '08[more]

    From It’s mid-November, but for investors who trade in the debt of distressed companies, the year’s already done -- and they lost. Hedge funds that specialize in the debt are grappling with their worst declines in seven years. Funds managed by Knighthead Capital Management, Candlewood

  5. Regulatory - Major changes in partnership audit procedures contained in 2015 Budget Act[more]

    Contained in the Bipartisan Budget Act of 2015, signed by President Obama on November 2, is a rather complex provision that materially changes how partnerships are audited. Generally effective for tax years beginning after December 31, 2017, the so-called “TEFRA” and “Electing Large Partnership” rul