Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

3252

Barclay Hedge Fund Index up 3.11 per cent in July

RELATED TOPICS​

Hedge funds rose 3.11 per cent in July, according to the Barclay Hedge Fund Index compiled by BarclayHedge.

Hedge funds rose 3.11 per cent in July, according to the Barclay Hedge Fund Index compiled by BarclayHedge.

The index now has five consecutive months of gains in 2009 resulting in an increase of 16.23 per cent since 1 March.

‘During July, we continued to see improving liquidity, a tightening of credit spreads, and a decrease in risk aversion among investors,’ says Sol Waksman, founder and president of BarclayHedge. ‘These trends provided support for a continuation of the rallies in global equity and credit markets.’

Overall, 16 of Barclay’s 18 hedge fund indices were profitable in July. The Barclay Convertible Arbitrage Index jumped 6.99 per cent, emerging markets gained 5.52 per cent, equity long bias was up 5.34 per cent, the Event Driven Index gained 4.46 per cent, and multi-strategy rose 3.26 per cent.

‘Convertible arbitrage has gained 35.38 per cent in 2009, far surpassing last year’s 27.66 per cent loss,’ says Waksman. ‘The index has not had a losing month since November 2008.’

The Barclay Emerging Markets Index has gained 28.23 per cent in 2009, the Event Driven Index is up 18.65 per cent, equity long bias has added 18.37 per cent, and the Multi-Strategy Index is up 16.91 per cent.

The Equity Short Bias Index lost 8.08 per cent in July, and is down 13.22 per cent in 2009. Equity market neutral slid 0.14 per cent and has lost 0.67 per cent year-to-date.

‘In spite of the out-sized gains in several hedge fund sectors, many hedge funds remain below previous high water marks and are not yet earning performance fees,’ says Waksman. ‘If current trends continue, most of last year’s losses will soon be recouped by diversified hedge fund investors who stayed the course.’

The Barclay Fund of Funds Index gained 1.51 per cent in July, and is up 5.84 per cent year-to-date.

Latest News

EFAMA has commented on today’s vote by the European Parliament in favour of a new..
Morgan Stanley Investment Management (MSIM) has announced the launch of the MS INVF Systematic Liquid..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins..

Related Articles

Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by