Opalesque Industry Update - Hedge Funds gained 2.11% in January according to the Barclay Hedge Fund Index compiled by BarclayHedge. The longest consecutive streak of profitable months for the Barclay Hedge Fund Index was the 18-month period from October 2002 through March of 2004. The current 15-month winning streak has produced a gain of 14.9% for the Index versus 25.7% during the record 18-month streak. "Long equity positions were a major contributor to fund profits in January as earnings of US companies exceeded expectations," says Sol Waksman, founder and president of BarclayHedge. The Healthcare & Biotechnology Index jumped 3.96% in January, Technology gained 3.62%, the Emerging Markets Index was up 3.44%, Global Macro gained 3.39%, and Equity Long Bias added 2.95%. All 17 Barclay hedge fund indices started the year in positive territory, building on their year-end gains for 2017. The Barclay Hedge Fund Index was up 10.45% in 2017. The Barclay Fund of Funds Index gained 2.07% in January, following a positive return of 6.00% in 2017. |
Industry Updates
Barclay Hedge Fund Index Gains 2.11% in January
Tuesday, February 13, 2018
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