Sat, Feb 13, 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 11.21% in 2013; Equity Short Bias Index Suffers Record Loss of 27.15%

Wednesday, January 15, 2014
Opalesque Industry Update - Hedge funds gained 1.23% in December, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index gained 11.21% in 2013.

“The US Fed announced in December that it would reduce Quantitative Easing purchases from $85 billion to $75 billion per month, and assured market participants that until certain growth rates and unemployment levels were achieved, interest rates would remain low,” says Sol Waksman, founder and president of BarclayHedge.

“Equity prices in the US and Europe rallied on the news and the S&P 500 reached a record high on the final trading day of the year."

Overall, 17 of Barclay’s 18 hedge fund indices had gains in December. The Barclay Technology Index gained 2.05%, Pacific Rim Equities were up 2.05%, Equity Long Bias gained 1.98%, the Healthcare & Biotechnology Index was up 1.91%, Equity Long/Short rose 1.72%, and Distressed Securities added 0.97%.

The leading hedge fund index in 2013 was Healthcare & Biotechnology, which gained 28.98%. Pacific Rim Equities were up 23.14%, Equity Long Bias Index returned 21.52%, and Distressed Securities gained 16.62% for the year.

The Equity Short Bias Index fell 2.46% in December, and was the only hedge fund strategy with a loss in 2013. Short Bias ended the year 27.15% in the red, surpassing last year’s record loss of 24.12%.

“The S&P 500 had its best year since 1997 when it gained 33.38 percent,” says Waksman. “For traders on the short side of the market, swimming against a strong current can be treacherous.”

The Barclay Fund of Funds Index gained 1.08% in December, and was up 8.46% in 2013.

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. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  2. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  3. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  4. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi

  5. Illiquid assets are all the rage for hedge funds[more]

    From Valuewalk.com: …Institutional investors are increasingly turning to illiquid assets and active management strategies to combat macroeconomic trends, anticipated market volatility and diverging monetary policy, according to a new survey by Blackrock. And this week, Bloomberg has reported that at