Tue, Apr 24, 2018
A A A
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.

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 - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its