BarclayHedge: Hedge Funds Return 1.06%

Jun 18 2013 | 10:29am ET

Hedge funds enjoyed broad gains in May, according to an industry index, although the average fund continues to badly lag the markets.

The Barclay Hedge Fund Index rose 1.06% last month, with 16 of its 18 strategies in the black. The benchmark is up 5.87% on the year—but the Standard & Poor's 500 Index is up over 15%.

Healthcare and biotechnology was the best-performing strategy in May, rising 3.11%. Equity long-bias funds added 2.64%, distressed securities 2.42%, technology 2.36% and convertible arbitrage 1.81%.

Equity short-bias funds fell a further 4.01% on the month and are now down an average of 17.14% on the year—the only BarclayHedge strategy in the red through May. Pacific Rim equities lost 0.91% on the month, burned by the recent swoon in Japanese shares.

Funds of hedge funds posted gains for the seventh-straight month, according to BarclayHedge, adding 0.67% (4.82% year-to-date).


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR