Opalesque Industry Update - Hedge funds gained 0.78% in May, its third
consecutive positive month, according to the Barclay Hedge Fund Index compiled by
BarclayHedge. Year to date, the Index is up 0.85%. Sixteen of Barclay's 18 hedge fund indices had gains in May. The Technology Index was up 2.74%, Distressed Securities gained 2.14%, Healthcare and Biotechnology was up 2.30%, European Equities gained 1.65%, and the Equity Long Bias Index added 1.21%. "Good news on the US economic front helped push the S&P 500 Total Return Index to a 1.80 percent gain, just shy of its all-time high," says Sol Waksman, founder and president of BarclayHedge. The Equity Short Bias Index lost 1.54% in May, and the Global Macro Index slipped 0.26%. At the end of May, nine of Barclay's hedge fund indices have gains, and nine have losses. The Event Driven Index is up 3.60%, Distressed Securities have gained 2.93%, Merger Arbitrage is up 2.69%, Emerging Markets have gained 2.22%, Equity Short Bias is up 1.77%, and Convertible Arbitrage has gained 1.58%. The Healthcare and Biotechnology Index is down 7.06% for the year, European Equities have lost 4.20%, Pacific Rim Equities are down 2.40%, and the Equity Market Neutral Index has lost 1.38%. The Barclay Fund of Funds Index gained 0.62% in May, but has lost 2.42% year to date. |
Industry Updates
Barclay Hedge Fund Index gains 0.78% in May (+0.85% YTD)
Thursday, June 16, 2016
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