Mon, Jul 6, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

October sees positive gains for hedge funds, S&P 500

Wednesday, November 13, 2019
Opalesque Industry Update - The pace of hedge fund returns picked up a bit in October, with the industry posting a monthly gain of 0.88%, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P Total Return Index was up 2.17% in October.

For the year-to-date through October, hedge funds returned 7.95%. Over the same period, the S&P Total Return Index gained 23.17%.

October saw positive returns across 28 of Barclay's 31 hedge fund indices. Hopeful economic signs on several fronts contributed to the month's gains.

"In spite of slowdowns in business investment and manufacturing, consumer spending, buoyed by full employment, has been rising," said Sol Waksman, president of BarclayHedge. "Anticipation of a third rate cut this year by the US Fed and a return to a normalized yield curve helped propel the S&P 500 to new high ground in October."

Among the numerous hedge fund sectors in the black for October, the Healthcare & Biotechnology Index led the way with a 5.88% return for the month. Other leading gainers in October included the Technology Index, up 2.46%, the Option Strategies Index, with a 2.41% return, the Emerging Markets Global Equities Index, gaining 2.17%, and the Emerging Markets Latin American Equities Index, up 2.13%.

Only three hedge fund sectors were in the red for October. They included the Emerging Markets MENA Index, off 0.49% for the month, the Global Macro Index, down 0.33%, and the Multi Strategy Index which lost 0.15%.

As October ended all but two sectors remained in the black for the year-to-date. Leading gainers for 2019 included the Emerging Markets Eastern European Equities Index, returning 16.14% on the year, the Technology Index, gaining 14.58%, the Healthcare & Biotechnology Index, posting a 14.23% year-to-date return, and the Emerging Markets Latin American Equities Index, up 13.35%.

The sectors in the red year-to-date through October were the Volatility Trading Index, down 1.47%, and the Equity Market Neutral Index, off 0.24% on 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. New Launches: GP Bullhound raises $141m for its fifth tech fund, LBC Credit Partners V aims to raise $1bn, B Capital shores up $820m in second fund, BayernKapital closes second Bavarian Growth Fund, PGIM Investments launches global corporate ESG bond fund, MSIM launches Paris Agreement-aligned global balanced sustainable fund, Unigestion announces closes for Secondary V and Direct II, Waterton plans $1.25bn fundraise for latest US apartment fund[more]

    GP Bullhound raises $141m for its fifth tech fund From PE News: Technology-focused investment firm GP Bullhound has held the first close of its latest fund with €125m ($141m) of capital commitments. GP Bullhound Fund V is a pan-European venture capital fund targeting primarily l

  2. SWF: UK's Future Fund expansion 'fails to hit the mark', claim business leaders[more]

    From Telegraph: Britain's start-up rescue fund, which has been extended to include UK startups that have moved the headquarters overseas, still "fails to hit the mark" for many early-stage companies, business leaders have warned. The Future Fund, launched in May, provides Government funding of

  3. PE/VC: Disruption from COVID-19 hits ASEAN private equity hard, VCs see much to like in Democrats' $1.5tn Moving Forward Act, US PE firms play the long game as deal-making comes back into focus[more]

    Disruption from COVID-19 hits ASEAN private equity hard Opalesque Industry Update - After a strong 2019, the ASEAN private equity industry has been shaken by the outbreak of the COVID-19 pandemic, reports Preqin. As of September 2019, ASEAN-focused private equity and venture capital asset

  4. Coronavirus crisis: PE industry mulls more realism and longer holding periods[more]

    Laxman Pai, Opalesque Asia: More realism, longer holding periods and an advantage for investors with a long-term focus - these are the main changes that investment managers in the German private equity market expect as a result of the coronavirus crisis. The PE transaction activity is not exp

  5. Multi-strategy hedge funds post double-digit gains, Tiger Global, Coatue score double-digit fund gains in 2020, Lone Pine soars after losses earlier this year, Can Pershing Square's standout year continue?[more]

    Multi-strategy hedge funds post double-digit gains From FT: Large multi-strategy hedge funds have posted double-digit gains for the first half of the year, reversing losses from March, as markets defied the economic downturn brought on by the coronavirus pandemic. Citadel Advisors