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

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…