Mon, Dec 5, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay Hedge Fund Index down 3.06% in October (-1.90 YTD)

Friday, November 16, 2018
Opalesque Industry Update - Hedge Funds gave up 3.06% in October according to the Barclay Hedge Fund Index compiled by BarclayHedge, versus a 6.84% decrease in the S&P 500 Total Return Index. Year to date, the Barclay Hedge Fund Index is down 1.90%, while the S&P has gained 3.01%.

"Slowing growth, rising interest rates and trade wars contributed to the largest monthly decline in the S&P 500 since September 2011," says Sol Waksman, founder and president of BarclayHedge. "US equity markets lost approximately $2 trillion in value during the month."

Overall, 16 of Barclay's 17 hedge fund indices had losses in October, while only one index had a gain.

In response to the selloff in tech stocks, the BarclayHedge Technology Index dropped 6.70% in October. Equity Long Bias lost 5.48%, Pacific Rim Equities gave up 3.69%, Healthcare & Biotechnology lost 3.42%, and Emerging Markets were down 3.41%.

"Nasdaq dropped 9.2 percent in October, its worst monthly decline since November 2008 when it lost 10.8 percent. The biggest names in the technology sector-Facebook, Amazon, Apple, Netflix and Google-were among the biggest losers," says Waksman.

The only Barclay Hedge Fund index with a gain in October was Fixed Income Arbitrage, which was up 0.17%.

At the end of October, seven hedge fund indices still have positive returns for the year, while 10 now have losses.

The Healthcare & Biotechnology Index leads all indices with a 13.85% gain, Distressed Securities are up 7.13%, Technology has gained 5.60%, Fixed Income Arbitrage is up 1.95%, and the Convertible Arbitrage Index has gained 1.76%.

Year to date, the Emerging Markets Index has lost 10.68%, Pacific Rim Equities are down 5.57%, the Multi-Strategy Index has lost 2.61%, and Equity Long Bias is down 2.48%.

The Barclay Fund of Funds Index gave up 2.69% in October, and has moved into negative territory with a 2.34% loss for the year.

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. Opalesque Exclusive: Marks delves into what really matters[more]

    B. G., Opalesque Geneva: Howard Marks, co-founder and co-chairman of Oaktree Capital Management, weighs what should and should not matter for investors in his latest memo last week. Among the things t

  2. Legal: British fund manager Jeremy Leach and his firms settle fraud litigation for $11.5m, DOL slams lawsuit seeking to overturn crypto guidance[more]

    British fund manager Jeremy Leach and his firms settle fraud litigation for $11.5m From Offshore Alert: Four days before a trial was due to start in the Cayman Islands, British fund manager Jeremy Leach and eight of his firms settled a fraud complaint by agreeing to pay $11.5 million o

  3. Family offices upbeat on private assets, reduce public assets exposure[more]

    Laxman Pai, Opalesque Asia: Family offices are investing more in private assets and cutting back on investments in public markets, with higher risk-adjusted returns cited as the main driver, said a study. According to the survey findings by German digital private equity firm Moonfare, and the

  4. Opalesque Exclusive: A Swiss managed futures strategy that can offer diversification to any portfolio[more]

    B. G., Opalesque Geneva for New Managers: TARO (R) Diversified is a Swiss algorithmic and systematic investment strategy that offers diversification benefits to almost any professionally managed portfolio through it

  5. Alts manager Medalist Partners acquires a minority stake in Semper Capital to tap opportunities in structured credit[more]

    Laxman Pai, Opalesque Asia: Medalist Partners, which specializes in private credit, has acquired a minority stake in Semper Capital to extend its offerings to the mass market. Medalist currently manages approximately $2.2 billion in assets across strategies in asset-based private credit, struc