Thursday, 31 July 2014
Last updated 4 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…