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 gains 2.11% in September (7.29% YTD) as affordable Care Act and demographics boost healthcare sector

Monday, October 14, 2013
Opalesque Industry Update - Hedge funds gained 2.11% in September 2013, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 7.30% year to date.

“The Fed’s decision to delay tapering surprised investors and drove equity prices higher through mid-month,” says Sol Waksman, founder and president of BarclayHedge.

“Fears over the possible failure of US budget and debt ceiling negotiations gained momentum and equity markets sold off in the second half of September, but equities remained profitable on the month as measured by a gain of 5.0 percent for the MSCI World Index.”

All but one of Barclay’s 18 hedge fund indices had gains in September. The Barclay Healthcare & Biotechnology Index jumped 4.26%, Equity Long Bias gained 3.65%, the Technology Index was up 3.35%, Emerging Markets added 2.92%, Pacific Rim Equities gained 2.62%, and European Equities were up 2.03%.

The only losing hedge fund strategy in September was the Equity Short Bias Index, which lost 3.55%. Equity Short Bias is down 19.84% year to date, and the index is on track to match the 24.12% loss suffered in 2012.

After three quarters in 2013, the Healthcare & Biotechnology Index has gained 20.93%. Pacific Rim Equities are up 17.20%, the Equity Long Bias Index has gained 15.24%, Distressed Securities have returned 11.37%, and Technology is up 9.38%.

“Healthcare and Biotechnology is BarclayHedge’s top-performing hedge fund index year to date, and is on track for its best yearly performance since enjoying a 27.91% gain in 2009,” says Waksman.

“The passage of the Affordable Care Act in the US, coupled with the expectation of greater demand for healthcare services due to increases in both population and life expectancy have had a very positive impact on the sector.”

The Barclay Fund of Funds Index gained 1.33% in September, and has returned 4.95% year to date.

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

Press release

Bg

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