Mon, Sep 26, 2016
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. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  2. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  3. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L

  4. Hedge funds saw four consecutive months of outflows in August, but assets still up by $17.6bn YTD[more]

    Komfie Manalo, Opalesque Asia: Hedge funds witnessed four consecutive months of outflows with investor redemptions totaling $23.8bn as of end of August, data provider Eurekahedge said in its monthly report. But total hedge fund assets grew by

  5. Trend reversals lead to losses as managed futures drops 1.52% in August[more]

    Komfie Manalo, Opalesque Asia: Trend reversals in August have led managed futures traders to lose 1.52% last month according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.62% year to dat