Opalesque Industry Update –
Hedge funds gained 0.52% in January according to the Barclay Hedge Fund Index compiled by BarclayHedge. “Equity markets in the USA and across Europe continued to rally for a fifth consecutive month,” says Sol Waksman, founder and president of BarclayHedge. “Concern over the unrest in Egypt took a back seat to an improving macro economic picture.” Overall, 14 of Barclay’s 18 hedge fund indices gained ground in January. The Barclay Convertible Arbitrage Index was up 2.13%, Fixed Income Arbitrage gained 1.97%, Distressed Securities were up 1.63%, Technology rose 1.64%, and the Multi Strategy Index gained 1.28%. “High yield bonds rallied even though yields on the 10 and 30-year Treasuries rose,” says Waksman. “The improving economic outlook simultaneously raised concerns of Fed tightening and reduced fear of defaults.” The Equity Short Bias Index was down 0.49% in January, Global Macro lost 0.58%, and Emerging Markets slid 0.47%. “In developing nations where prices for energy and food make up a larger percentage of monthly expenditures, inflation concerns negatively impacted equity markets,” says Waksman. The Barclay Fund of Funds Index gained 0.27% in January.
(Press release) |
Industry Updates
BarclayHedge logs positive hedge fund returns in January
Tuesday, February 15, 2011
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