Wed, Oct 1, 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 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. 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. 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

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is