Barclay Hedge Fund Index Up 0.52% In January

Feb 16 2011 | 8:43am ET

Hedge funds gained 0.52% in January according to the Barclay Hedge Fund Index.

“Equity markets in the USA and across Europe continued to rally for a fifth consecutive month,” said Sol Waksman, founder and president of BarclayHedge.“Concern over the unrest in Egypt took a back seat to an improving macroeconomic picture.”

Overall, 14 of Barclay’s 18 hedge fund indices gained ground in January. Convertible arbitrage funds were up 2.13%, fixed income arbitrage funds gained 1.97%, distressed securities were up 1.63%, technology funds rose 1.64%, and multi-strategy funds gained 1.28%.

“High yield bonds rallied even though yields on the 10- and 30-year Treasuries rose,” says Waksman. “The improving economic outlook simultaneously raised concerns of Fed tightening and reduced fear of defaults.”

Equity short bias funds were down 0.49% in January, global macro lost 0.58%, and emerging markets slid 0.47%.

“In developing nations where prices for energy and food make up a larger percentage of monthly expenditures, inflation concerns negatively impacted equity markets,” says Waksman.

The Barclay Fund of Funds Index gained 0.27% in January.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note