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Alternative Market Briefing

BarclayHedge: Hedge funds gain +0.42% in August

Wednesday, September 12, 2018

Laxman Pai, Opalesque Asia:

Hedge Funds gained 0.42% in August 2018 versus a 3.26% increase in the S&P 500 Total Return Index, according to the Barclay Hedge Fund Index.

A press release from BarclayHedge said that year to date, the Barclay Hedge Fund Index is up 1.55%, while the S&P has gained 9.94%.

Sol Waksman, founder and president of BarclayHedge said that new all-time highs for the S&P 500 and Nasdaq coupled with a rally in US Treasuries helped set the stage for another profitable month for hedge funds.

Overall, 15 of Barclay's 17 hedge fund indices gained ground in August, while two had losses.

The Healthcare & Biotechnology Index was up 5.21% in August, and now has five consecutive months of gains. Distressed securities were up 1.88%, Equity Long Bias gained 1.40%, Equity Market Neutral was up 0.61%, and the Equity Long/Short Index added 0.48%.

In the loss column, Emerging Markets were down 2.12% and European Equities gave up 0.30%.

"Monetary tightening in the US, trade war worries, and an overabundance of USD denominated debt has wreaked havoc on emerging market currencies," Waksman added. "Contagion concerns are in the air."

At the end of August, 13 hedge fund indices had positive returns for the year, while four have lost ground.

The Healthcare & Biotechnology Index has outpaced all other hedge fund indices with a strong 17.42% return. The Technology Index has gained 10.06%, Distressed Securities are up 8.96%, Equity Long ......................

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