Tuesday, March 9, 2010

 

U.S. Dollar Favorite Currency Investment of Hedge Fund Managers in Near Term; Few Fund Managers Expect Greek Sovereign Debt Crisis to Lead to Destruct

New York, NY – March 9, 2010 – TrimTabs Investment Research and BarclayHedge reported that the U.S. dollar is the currency on which hedge fund managers are most bullish in the near term. Six in 10 fund managers cite the greenback as their preferred currency investment over the next three months, according to the February TrimTabs/BarclayHedge Currency Survey of Hedge Fund Managers.

“The debt crisis in Greece, the creditworthiness of other countries in Europe, and the U.S. dollar rally have market participants focused on currencies,” said Vincent Deluard, Global Equity Strategist at TrimTabs. “We think currencies will dominate other investment themes throughout 2010.”


Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.

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Monday, March 8, 2010

 

Hedge Funds Post Inflow of $7.1 Billion in January; Hedge Fund Assets Stand at $1.5 Trillion

New York, NY – March 8, 2010 – TrimTabs Investment Research and BarclayHedge reported that all hedge funds posted an estimated inflow of $7.1 billion, or 0.5% of assets, in January 2010.  Total hedge fund assets stand at $1.5 trillion, up 23.6% from the April 2009 low, thanks to an unprecedented 11-month winning streak.

“January bucked the trend,” said Sol Waksman, CEO of BarclayHedge.  “The first month of the year typically delivers a redemption-driven outflow.  The fact that hedge funds managed to attract money is a good sign.”


Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.

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Wednesday, February 17, 2010

 

Barclay CTA Index Down 1.48% in January; 60% of CTAs Start 2010 in the Hole

FAIRFIELD, Iowa, February 17, 2010– Managed futures lost 1.48% in January according to the Barclay CTA Index compiled by BarclayHedge.

“Unanticipated appreciation of the US Dollar together with falling commodity and stock prices proved to be a toxic mix, resulting in January losses for 60 percent of CTAs,” says Sol Waksman, founder and president of BarclayHedge.


Read the entire Managed Futures Press Release by clicking here.

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Tuesday, February 16, 2010

 

Barclay Hedge Fund Index Down 0.29% in January; Hedge Funds Start 2010 in the Red

FAIRFIELD, Iowa, February 16, 2010 – Hedge funds lost 0.29% in January according to the Barclay Hedge Fund Index compiled by BarclayHedge.


“Equity investors expressed their disappointment with White House announcements that the administration would seek to curtail risky behavior of U.S. banks,” says Sol Waksman, founder and president of BarclayHedge.


Read the entire Hedge Fund Press Release by clicking here.

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Tuesday, February 9, 2010

 

Hedge Funds Post Outflow of $3.8 Billion in December; Hedge Fund Assets Hit 12-Month High of $1.5 Trillion

New York, NY – February 9, 2010 – TrimTabs Investment Research and BarclayHedge reported that all hedge funds posted an estimated outflow of $3.8 billion in December 2009. December’s outflow is the industry’s first since July 2009. At the same time, hedge fund assets grew to a 12-month high of $1.5 trillion thanks to an unprecedented 10-month winning streak.

“December’s relatively small outflow is almost certainly seasonal, a product of quarter-end and year-end redemptions,” said Sol Waksman, CEO of BarclayHedge. “Hedge funds experienced outflows in December in each of the past five years, and we suspect inflows have already resumed.”

In addition, funds of hedge funds posted an estimated outflow of $6.3 billion in December, bringing redemptions for all of 2009 to $180.9 billion. Funds of funds returned only 10.24% in 2009, less than half of the industry’s average 23.9% gain. “Funds of hedge funds turned extremely risk-averse after the late 2008 sell-off,” said Vincent Deluard, Global Equity Strategist at TrimTabs. “Their conservative strategy allocation and large cash balances hurt their returns during this rebound.”


Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.

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Tuesday, January 19, 2010

 

Managed Futures Lose 0.10% in 2009; Barclay CTA Index Down 1.43% in December

FAIRFIELD, Iowa, January 19, 2010 – Managed futures lost 1.43% in December and CTAs ended the year down 0.10% according to the Barclay CTA Index compiled by BarclayHedge.

“Unexpected trend reversals in December erased much of November’s profits,” says Sol Waksman, founder and president of BarclayHedge.


Read the entire Managed Futures Press Release by clicking here.

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Thursday, January 14, 2010

 

55% of Hedge Funds Recover from 2008 Losses; Barclay Hedge Fund Index Gains 24.14% in 2009

FAIRFIELD, Iowa, January 14, 2010– Hedge funds rebounded from 2008 losses with a 24.14% gain in 2009 according to the Barclay Hedge Fund Index compiled by BarclayHedge.


“Based on our calculations, close to 55 percent of single manager hedge funds now have a profit for the time period from June 1, 2008 to December 31, 2009,” says Sol Waksman, founder and president of BarclayHedge. “Of those funds that are still in negative territory, the average loss is currently at 17 percent.”


Read the entire Hedge Fund Press Release by clicking here.

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Hedge Fund Inflows Hit 18 Month High of $18.7 Billion in November; Hedge Fund Launches Fell to Record Low in 2009

New York, NY – January 12, 2010 – TrimTabs Investment Research and BarclayHedge reported that all hedge funds posted an estimated inflow of $18.7 billion in November, more than double the inflow of $8.2 billion in October. The inflow in November was the largest since May 2008.


“Flows into hedge funds are back to pre-crisis levels,” said Sol Waksman, CEO of BarclayHedge. “Nevertheless, the inflow of $54 billion in the latest four months reversed only a small portion of the redemptions of $402 billion from September 2008 through July 2009.”


In addition, funds of hedge funds took in $4.9 billion in November, their first significant inflow since March 2008.



Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.

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Friday, January 8, 2010

 

Barclay BTOP FX Index Components Chosen for 2010; 12 Currency Traders to Provide Daily Data

FAIRFIELD, Iowa, January 8, 2010 – BarclayHedge announced today the names of the twelve currency programs that will comprise the Barclay BTOP FX Index for the year 2010.

Launched in January 2005, the BTOP FX is the first daily index of currency traders and has monitored selected trader’s returns on a daily basis for the past five years.

“The BTOP FX Index seeks to replicate the overall composition of the currency sector of the managed futures industry with regard to trading style and overall market exposure,” says Sol Waksman, founder and president of BarclayHedge.


Read the entire Managed Futures Press Release by clicking here.

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Thursday, December 17, 2009

 

Managed Futures Gain 2.15% in November; Barclay CTA Index Up 1.25% YTD

FAIRFIELD, Iowa, December 17, 2009–Managed futures gained 2.15% in November according to the Barclay CTA Index compiled by BarclayHedge.

“Fears of a default by Dubai World coupled with growing confidence that central bankers would keep interest rates low provided excellent profits for properly positioned interest rate trades,” says Sol Waksman, founder and president of BarclayHedge.

Read the entire Managed Futures Press Release by clicking here.

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Wednesday, December 16, 2009

 

Hedge Funds Back On Track in November; Barclay Hedge Fund Index Gains 1.48%

FAIRFIELD, Iowa, December 16, 2009– Hedge funds gained 1.48% in November according to the Barclay Hedge Fund Index compiled by BarclayHedge.


“After a slight pullback in October, hedge funds regained their upward momentum in November,” says Sol Waksman, founder and president of BarclayHedge.



Read the entire Hedge Fund Press Release by clicking here.

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Tuesday, November 17, 2009

 

$15.2 Billion Flows Into Managed Futures in 3rd Quarter; Barclay CTA Index Down 0.77% in October

FAIRFIELD, Iowa, November 17, 2009– Although managed futures lost 0.77% in October according to the Barclay CTA Index compiled by BarclayHedge, assets under management have increased significantly in recent months.


“Even though the Barclay CTA Index is down 0.66% in 2009, assets under management in managed futures investments increased by $15.2 billion in the third quarter of 2009, to $212.6 billion,” says Sol Waksman, founder and president of BarclayHedge.


Read the entire Managed Futures Press Release by clicking here.

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Monday, November 16, 2009

 

Barclay Hedge Fund Index Slips 0.20% in October; October Loss Ends 7-Month Winning Streak

FAIRFIELD, Iowa, November 16, 2009– Hedge funds registered a 0.20% loss in October according to the Barclay Hedge Fund Index compiled by BarclayHedge.


“Prior to October’s loss, the Barclay Hedge Fund Index gained 21.96 percent during seven consecutive months of positive performance,” says Sol Waksman, founder and president of BarclayHedge.


Read the entire Hedge Fund Press Release by clicking here.

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Monday, October 19, 2009

 

Managed Futures Move Into Positive Territory; Barclay CTA Index Up 0.93% in September

FAIRFIELD, Iowa, October 19, 2009– Managed futures gained 0.93% in September according to the Barclay CTA Index compiled by BarclayHedge.


“The Barclay CTA Index edged into positive territory for the year aided by September’s gain,” says Sol Waksman, founder and president of BarclayHedge. “The Index is now up 0.05 percent year-to-date.”

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Thursday, October 15, 2009

 

Hedge Funds Gain 3.25% in September;Barclay Hedge Fund Index Up 20.05% in 2009

FAIRFIELD, Iowa, October 15, 2009– Hedge funds added 3.25% in September according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is now up 20.05% in 2009.

“This month’s gain of 3.25 percent is the strongest September return since 1997, when hedge funds rose 4.05 percent,” says Sol Waksman, founder and president of BarclayHedge.


Read the entire Hedge Fund Press Release by clicking here.

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Monday, September 21, 2009

 

Managed Futures Gain in August; Barclay CTA Index Rises 0.41%

FAIRFIELD, Iowa, September 21, 2009– Managed futures gained 0.41% in August according to the Barclay CTA Index compiled by BarclayHedge.


“Investor optimism remained high in August as the rally in equity markets extended to six consecutive months,” says Sol Waksman, founder and president of BarclayHedge.

Read the entire Hedge Fund Press Release by clicking here.

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Tuesday, September 15, 2009

 

Stock Market Lifts Hedge Fund Returns; Barclay Hedge Fund Index up 2.06% in August

FAIRFIELD, Iowa, September 15, 2009– Hedge funds rose 2.06% in August according to the Barclay Hedge Fund Index compiled by BarclayHedge.

“After recording six straight months of positive returns, the Barclay Hedge Fund Index has now gained 16.48 percent in 2009, versus a gain of 14.97% for the S&P 500 Total Return Index,” says Sol Waksman, founder and president of BarclayHedge.


Read the entire Hedge Fund Press Release by clicking here.

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Friday, August 14, 2009

 

Managed Futures Tread Water in July; Barclay CTA Index Down 0.06%

FAIRFIELD, Iowa, August 17, 2009– Managed futures traders had mixed results in July, averaging out to a 0.06% loss according to the Barclay CTA Index compiled by BarclayHedge.

“Intra-month price reversals in major futures markets made for a difficult trading environment in July,” says Sol Waksman, founder and president of BarclayHedge.


Read the entire Hedge Fund Press Release by clicking here.

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Thursday, August 13, 2009

 

Barclay Hedge Fund Index Up 3.11% in July; Hedge Funds Gain Five Months in a Row

FAIRFIELD, Iowa, August 13, 2009– Hedge funds rose 3.11% 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% since March 1.

“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.”


Read the entire Hedge Fund Press Release by clicking here.

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Thursday, July 16, 2009

 

Barclay CTA Index Slips 0.87% in June; Volatility Chops Both Long and Short Traders

FAIRFIELD, Iowa, July 16, 2009– Managed futures continued their choppy performance in 2009, losing 0.87% in June according to the Barclay CTA Index compiled by BarclayHedge.

“The month began with a wave of optimism based on reported sightings of economic ‘green shoots’ in early June,” says Sol Waksman, founder and president of BarclayHedge.

“By month’s end however, investor doubts had resurfaced and the gains from rallies earlier in the month had turned to losses.”


Read the entire Hedge Fund Press Release by clicking here.

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Tuesday, July 14, 2009

 

Barclay Hedge Fund Index Rises 0.45% in June; Hedge Funds Up 11.00% in Six Months

FAIRFIELD, Iowa, July 14, 2009– Hedge funds gained 0.45% in June according to the Barclay Hedge Fund Index compiled by BarclayHedge.

“After four profitable months in a row, hedge funds have now gained 11.00% since the beginning of the year,” says Sol Waksman, founder and president of BarclayHedge.

“It’s the best start since 1999 when the Barclay Hedge Fund Index gained 15.94% in the first six months.”



Read the entire Hedge Fund Press Release by clicking here.

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Tuesday, June 16, 2009

 

Managed Futures Rebound 2.08% in May; Barclay CTA Index Down 0.54% in 2009

FAIRFIELD, Iowa, June 16, 2009– Managed futures traders performed well in May, gaining 2.08% according to the Barclay CTA Index compiled by BarclayHedge. Year-to- date, the Index remains down 0.54%.

“Commodity markets, led by the energy sector, rallied strongly during the month,” says Sol Waksman, founder and president of BarclayHedge. “A weakening US Dollar provided support to the rally and presented a sustained trend that currency traders could profit from.”


Read the entire Hedge Fund Press Release by clicking here.

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Monday, June 15, 2009

 

Barclay Hedge Fund Index Up 5.77% in May; Hedge Funds Gain 12.47% in Three Months

FAIRFIELD, Iowa, June 15, 2009– Hedge funds gained 5.77% in May according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Barclay Hedge Fund Index is now up 10.75% in 2009.

“Equity markets in both developed and emerging countries saw share prices rally in May,” says Sol Waksman, founder and president of BarclayHedge.

“A recent Wall Street Journal article attributed the rise to trillions of dollars of bailout money finding its way into financial markets.”


Read the entire Hedge Fund Press Release by clicking here.

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Wednesday, May 13, 2009

 

Managed Futures Slide 0.51% in April; Barclay CTA Index Down 2.34% in 2009

FAIRFIELD, Iowa, May 14, 2009– Managed futures slipped again in April, losing 0.51% according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, the Index is down 2.34%.

“Directionless markets and conflicting trends made it difficult for CTAs to extract profits from trading positions in April,” says Sol Waksman, founder and president of BarclayHedge.


Read the entire Managed Futures Press Release by clicking here.

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Hedge Funds Rally in April; Barclay Hedge Fund Index Up 5.05%

FAIRFIELD, Iowa, May 12, 2009– Hedge funds jumped 5.05% in April according to the Barclay Hedge Fund Index compiled by BarclayHedge.

“This is the largest one-month gain for hedge funds since February 2000, when the Barclay Hedge Fund Index soared 6.76 percent,” says Sol Waksman, founder and president of BarclayHedge.

“The resurgence of global equity markets in April has given a big lift to most hedge fund strategies.” . .


Read the entire Hedge Fund Press Release by clicking here.

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Wednesday, April 15, 2009

 

Managed Futures Lose 1.16% in March; Fed’s Action Reverses Trend for Stocks, Bonds and Currencies

FAIRFIELD, Iowa, April 15, 2009– Managed futures slipped 1.16% in March according to the Barclay CTA Index compiled by BarclayHedge. The Index is now down 1.59% in 2009.

“The US Federal Reserve’s willingness to employ quantitative easing helped to drive interest rates and the US Dollar lower, while propelling prices for stocks and agricultural commodities higher,” says Sol Waksman, founder and president of BarclayHedge.

“Trend-followers, as a group, were on the wrong side of these markets when they changed direction mid-month.”

Read the entire Managed Futures Press Release by clicking here.

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Tuesday, April 14, 2009

 

Hedge Funds Up 2.41% in March; Emerging Markets Jump 4.74%

FAIRFIELD, Iowa, April 14, 2009– According to the Barclay Hedge Fund Index compiled by BarclayHedge, hedge funds increased 2.41% in March. The Index is now up 0.82% in 2009.

“After an eight percent sell-off in early March, the S&P 500 Index bounced back to gain 17 percent from March 9 to March 31, its largest 3-week rally since 1987,” says Sol Waksman, founder and president of BarclayHedge.

Read the entire Hedge Fund Press Release by clicking here.

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Tuesday, March 17, 2009

 

Managed Futures Tread Water in February; Barclay CTA Index Down 0.18%

FAIRFIELD, Iowa, February 18, 2009– Managed futures were down 0.18% in February according to the Barclay CTA Index compiled by BarclayHedge.

“Conventional wisdom has determined that the economic recovery has been postponed until 2010,” says Sol Waksman, founder and president of BarclayHedge.

Read the entire Managed Futures Press Release by clicking here.

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Hedge Funds Down 1.42% in February; Big Gains for Convertible Arbitrage and Short Sellers

FAIRFIELD, Iowa, March 17, 2009– According to the Barclay Hedge Fund Index compiled by BarclayHedge, hedge funds dropped 1.42% in February; and the Index is down 1.56% year-to-date.


“Although equity markets in developed nations had double-digit losses in February, hedge funds performed comparatively well,” says Sol Waksman, founder and president of BarclayHedge.


Read the entire Hedge Fund Press Release by clicking here.

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Friday, February 27, 2009

 

Managed Futures Lose a Little Ground in January; Barclay CTA Index Down 0.13%

FAIRFIELD, Iowa, February 18, 2009– Despite an overall gain of 14.11% in 2008, Managed Futures slipped 0.13% in January according to the Barclay CTA Index compiled by BarclayHedge.

“After a very successful three-month run at the end of 2008, most CTAs had trouble getting traction in 2009,” says Sol Waksman, founder and president of BarclayHedge. . .


Read the entire Managed Futures Press Release by clicking here.

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Thursday, February 19, 2009

 

Hedge Funds Slip Again in January; Barclay Hedge Fund Index Down 0.26%

FAIRFIELD, Iowa, February 12, 2009– Hedge funds lost a record 21.53% in 2008, and began 2009 in the red, sliding 0.26% in January according to the Barclay Hedge Fund Index compiled by BarclayHedge.

“Global equity markets lost ground in January and volatility remained high,” says Sol Waksman, founder and president of BarclayHedge. . .


Read the entire Hedge Fund Press Release by clicking here.

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Tuesday, February 3, 2009

 

BarclayHedge and SwissAnalytics Team Up to Offer Hedge Fund Due Diligence

BarclayHedge and SwissAnalytics join forces, providing hedge fund investors a one-stop-shop for full-scale hedge fund due diligence.

Investors receive a one-time 10% discount on their first completed due diligence report if ordered over BarclayHedge’s website.

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Thursday, January 22, 2009

 

70% of Hedge Funds Lost Money in 2008; Average Fund Plunges 21.44% in 12 Months

FAIRFIELD, Iowa, January 21, 2009– Hedge funds lost a record 21.44% in 2008 according to the Barclay Hedge Fund Index compiled by BarclayHedge.

“2008 hedge fund losses were widespread, with 70 percent of the funds that report to us ending the year in the red,” says Sol Waksman, founder and president of BarclayHedge.”

“Managers of funds of hedge funds turned in an even poorer performance, with 85 percent finishing in the minus column, losing an average of 21.69 percent.”

Hedge funds began the year holding their own, with the Barclay Hedge Fund Index down just 0.79% through May. But the average fund lost 21.21% from June through November, including a two-month 14.81% decline in September and October when the S&P 500 Index fell 24.21%.

Only one hedge fund strategy was profitable in 2008, and it thrived. The Barclay Equity Short Bias Index turned in a record gain of 41.09% in 12 months, and jumped 20.83% during the September and October stock market plunge.

“With the global economy in a recession and equity markets in a tailspin, being short equities in 2008 was one of the more profitable strategies, second only to being short mortgage backed securities,” says Waksman.

“This was a fairly rare event however, as the overwhelming majority of investors in these sectors are historically net long.”

Hedge fund managers did end the year on an up-tick, as the Barclay Hedge Fund Index gained 0.52% in December, its first monthly gain since May 2008.

“Equity markets recovered as investors began to entertain the notion that the worst may be over for the financial sector,” says Waksman.

Overall, 14 of Barclay’s 18 hedge fund indices regained some ground in December. The Barclay Healthcare & Biotechnology Index jumped 3.31%, Convertible Arbitrage was up 2.86%, Merger Arbitrage gained 1.73%, Pacific Rim Equities was up 1.72%, and Global Macro rose 1.52%.

Click here to view five years of Barclay Hedge Fund Index data, or download 11 years of monthly data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For quotes, commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,600 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes.

Institutional investors, brokerage firms and private banks worldwide utilize BarclayHedge data as performance benchmarks for the hedge fund and managed futures industries.

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Tuesday, January 20, 2009

 

Barclay CTA Index Gains 13.90% in 2008; Trending Markets Boost Managed Futures

FAIRFIELD, Iowa, January 20, 2009– Managed futures gained 13.90% in 2008, according to the Barclay CTA Index compiled by BarclayHedge, the best annual performance for CTAs since their 21.02% return in 1990.

“A gain of nearly 14 percent clearly sets managed futures apart from the losses suffered by most hedge fund strategies and financial markets in 2008,” says Sol Waksman, founder and president of BarclayHedge.

“The Barclay CTA Index ended the year with a sprint, gaining 6.52 percent in the last three months of 2008.”

The Barclay Diversified Traders Index put in a strong showing in 2008, gaining 26.50%. Systematic Traders were up 18.11%, Discretionary Traders gained 12.55%, and the Financial/Metals Traders Index rose 10.48%.

“The large majority of CTAs utilize trend-following strategies,” says Waksman. “These strategies do not attempt to predict future prices, but rather identify trends. If prices are going up, then trend-followers are long. When prices are going down, they’re short.”

“Strong trends in all major market sectors offered CTAs some excellent trading opportunities in 2008. Commodity prices rallied in the first half of the year and sank in the second half. Equity prices lost ground throughout the year, and bond prices rose.”

In December, the Barclay CTA Index rose 1.02%. The Systematic Traders Index was up 1.43%, Diversified Traders gained 1.28%, and the Financial/Metals Index rose 0.96%.

The Barclay BTOP50 Index, which monitors performance of the largest traders, gained 1.02% in December and realized a 12.87% return for the year.

Click here to view 28 years of Barclay CTA Index data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For quotes, commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,600 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes.

Institutional investors, brokerage firms and private banks worldwide utilize BarclayHedge data as performance benchmarks for the hedge fund and managed futures industries.

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Tuesday, December 16, 2008

 

Barclay CTA Index Adds 1.54% in November; CTA’s Thrive Amidst Market Meltdown

FAIRFIELD, Iowa, December 16, 2008– Managed futures gained another 1.54% in November, according to the Barclay CTA Index compiled by BarclayHedge.

Through November the CTA Index has gained 12.69 percent, in stark contrast to a 21.27 percent loss for hedge funds and the 37.66 percent collapse in the S&P 500.

“CTAs appear to be on track to achieve their best annual performance since 1995 when the Barclay CTA Index gained 13.64 percent,” says Sol Waksman, founder and president of BarclayHedge.

In November, the Barclay Financial/Metals Index gained 1.98%, Systematic Traders were up 1.87%, and the Diversified Traders Index rose 1.84%.

“In response to sharp declines in growth, governments focused on deflation, lowered interest rates, and bond prices rallied,” says Waksman.

Barclay’s Diversified Traders Index has gained 24.54% year-to-date, Systematic Traders are up 16.50%, and Discretionary Traders have gained 12.17%.

“As the economy continued to slow, the down-trend in commodities was extended as demand and prices for energy products, base metals, and agricultural products all declined,” says Waksman.

“Traders that shorted stock index futures had been able to take substantial profits as the S&P 500 dropped to levels not seen in more than a decade.”

The Barclay BTOP50 Index, which monitors performance of the largest traders, gained 1.74% in November and is up 11.86% year-to-date.

Click here to view 28 years of Barclay CTA Index data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For quotes, commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,600 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes.

Institutional investors, brokerage firms and private banks worldwide utilize BarclayHedge data as performance benchmarks for the hedge fund and managed futures industries.

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Monday, December 15, 2008

 

Barclay Hedge Fund Index Slides 2.34% in November; Hedge Funds Down a Record 20.63% in Past Six Months

FAIRFIELD, Iowa, December 15, 2008– Hedge funds lost another 2.34% in November according to the Barclay Hedge Fund Index compiled by BarclayHedge, and are down an unprecedented 20.63% since June 2008.

“The past six months of losses have been the worst on record for the hedge fund industry,” says Sol Waksman, founder and president of BarclayHedge.

“Prior to 2008, the longest string of consecutive losing months was three. Hedge funds lost 4.25 percent from September through November of 2000, and then 3.30 percent from July through September of 2001.”

any hedge fund strategies experienced significant losses in November. Barclay’s Equity Long Bias Index dropped 4.81%, Healthcare & Biotechnology fell 4.50%, the Emerging Markets Index was down 4.22%, and Convertible Arbitrage lost 3.69%.

merging Markets has been the worst performing strategy in 2008, losing 39.34% year-to-date. Equity Long Bias is down 28.81%, and Convertible Arbitrage has lost 28.02%.

“Early in 2008, there was a great deal of discussion about how emerging markets had ‘decoupled’ from developed markets,” says Waksman.

"The current economic environment has clearly demonstrated that when consumption decreases in developed nations, exporting nations also feel the pain.”

Four of Barclay’s 16 hedge fund indices provided positive returns in November. The Barclay Equity Short Bias Index gained 3.51%, and is up 43.76% in 2008.

Barclay’s Global Macro Index rose 1.47% in November, Pacific Rim Equities gained 0.23%, and Equity Market Neutral was up 0.13%.

Equity Market Neutral is now down just 0.98% for the year, and Global Macro has a loss of 1.32%.

Through November, the Barclay Hedge Fund Index has fallen 21.27% in 2008, compared to a loss of 37.66% in the S&P 500.

The Barclay Fund of Funds Index was down 1.64% in November, and has lost 20.04% year to date.

Click here to view five years of Barclay Hedge Fund Index data, or download 11 years of monthly data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For quotes, commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,600 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes.

Institutional investors, brokerage firms and private banks worldwide utilize BarclayHedge data as performance benchmarks for the hedge fund and managed futures industries.

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Friday, November 14, 2008

 

Barclay CTA Index Up 3.38% in October; Managed Futures Gain 10.70% Year-to-Date

FAIRFIELD, Iowa, November 13, 2008 – Managed futures gained 3.38% in October, according to the Barclay CTA Index compiled by BarclayHedge.

“In October, investor concern turned from the financial sector to fear of a global recession,” says Sol Waksman, founder and president of BarclayHedge.

“Massive government intervention has had little effect on the major downward trends of the past several months.”

In October, the Barclay Diversified Traders Index jumped 6.06%. Diversified Traders have gained 20.82% in the first 10 months of 2008.

“Commodity prices continued to trend downward in October,” says Waksman. “The commodity-based CRB Index recorded its worst ever monthly decline, falling more than 22 percent.”

Systematic Traders gained 3.98% in October, Discretionary Traders were up 3.37%, and the Financial/Metals Index rose 3.12%.

“CTAs have performed remarkably well in 2008, especially when compared with the losses we’re seeing in hedge funds and global equity markets,” says Waksman.

“The Barclay CTA Index is up 10.70% through October, in contrast to a 19.34% loss for the Barclay Hedge Fund Index, and a 32.84% drop in the S&P 500.”

The Barclay BTOP50 Index, which monitors performance of the largest traders, rose 3.90% in October, and is now up 9.43% for the year.

Click here to view 28 years of Barclay CTA Index data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For quotes, commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks 6,700 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and 8 managed futures indexes.
Institutional investors, brokerage firms and private banks worldwide utilize BarclayHedge data as performance benchmarks for the hedge fund and managed futures industries.

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Wednesday, November 12, 2008

 

Barclay Hedge Fund Index Falls 8.04% in October; Hedge Funds Down 14.44% in Two Months

FAIRFIELD, Iowa, November 11, 2008 – Hedge funds dropped 8.04% in October according to the Barclay Hedge Fund Index compiled by BarclayHedge, and have lost 14.44% of their value during the past two months.

“The ‘Great Deleveraging’ continued in October,” says Sol Waksman, founder and president of BarclayHedge.

“Investors as well as hedge funds and banks continued selling in order to reduce risk exposure in their portfolios and raise cash.”

“The result has been a significant year-to-date drop in equity prices, with US markets down 30 percent, other developed markets falling 40 percent, and emerging markets losing as much as 50 percent of their value.”

The Barclay Emerging Markets Index was down 15.83% in October, and has lost 25.11% in just two months.
“It’s estimated that US investors hold some 5 trillion USD in foreign equities,” says Waksman. “Those holdings are now being liquidated.”

Convertible Arbitrage dropped 12.22%, and has lost 20.45% in September and October.

“The short sale ban created an impossible situation for convertible arbitrage funds,” says Waksman. “Selling stocks short is a key factor in the viability of the strategy.”

The only successful strategy in 2008 has been selling the equity market short. The Barclay Equity Short Bias Index had another strong month, gaining 17.21% in October.

“While Equity Long Bias funds have lost 25 percent of their value in 2008, Equity Short Bias funds have gained 43 percent,” says Waksman.

“The key factor in 2008 has been which side of the market you trade. It’s been tough for traders on the long side, whereas short traders caught a big wave.”

Year-to-date, the Barclay Hedge Fund Index has lost 19.30%, compared to a loss of 32.84% in the S&P 500.

The Barclay Fund of Funds Index lost 5.21% in October, and is down 17.33% in 2008.

Click here to view five years of Barclay Hedge Fund Index data, or download 11 years of monthly data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For quotes, commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks 6,700 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes.

Institutional investors, brokerage firms and private banks worldwide utilize BarclayHedge data as performance benchmarks for the hedge fund and managed futures industries.

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Thursday, October 9, 2008

 

Barclay CTA Index Gains 0.68% in September; Managed Futures Up 7.86% in 2008

FAIRFIELD, Iowa, October 9, 2008 –Managed futures gained 0.68% in September, according to the Barclay CTA Index compiled by BarclayHedge.

“As the financial crisis continued to wreak havoc across global equity markets, trend-following CTAs were able to profit from short positions in stock index futures,” says Sol Waksman, founder and president of BarclayHedge.

In September, the Barclay Systematic Traders Index gained 1.94%, Diversified Traders were up 1.56%, and the Financial/Metals Index rose 1.07%.

“Most commodity prices have been in decline since mid-August,” says Waksman. “CTAs, on balance, are currently short these markets, and the price declines were another source of profits for the month.”

“Global fixed income was a difficult area for many traders in September. The US rescue plan resulted in large counter-trend moves in the interest rate markets.”

The Barclay CTA Index is up 7.86 percent through September, in stark contrast to a 19.29 percent decline in the S&P 500.

All eight of the managed futures indices monitored by BarclayHedge have positive returns in 2008. The Diversified Traders Index is up 14.15% after three quarters, Agricultural Traders have gained 10.73%, Systematic Traders are up 9.21%, and Discretionary Traders have gained 9.05%.

The Barclay BTOP50 Index, which monitors performance of the largest traders, rose 0.28% in September. The BTOP50 is now up 6.45% for the year.

Click here to view 28 years of Barclay CTA Index data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For quotes, commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks 6,800 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indices and eight managed futures indices.

Institutional investors, brokerage firms and private banks worldwide utilize BarclayHedge data as performance benchmarks for the hedge fund and managed futures industries.

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Wednesday, October 8, 2008

 

Barclay Hedge Funds Index Falls 5.94% in September; Worst Loss Since August 1998

FAIRFIELD, Iowa, October 8, 2008 – Hedge funds dropped 5.94% in September according to the Barclay Hedge Fund Index compiled by BarclayHedge.

“This is the worst one-month decline since August 1998, when hedge funds fell 7.81%,” says Sol Waksman, founder and president of BarclayHedge.

“Ten years ago, Russia defaulted on its bonds, LTCM had to be bailed out, hedge funds were forced to delever by their prime brokers, emerging markets were in a tailspin, and the market for mortgage-backed securities had seized up. As Yogi Berra reportedly once said, ‘It’s like déjà vu all over again.’”

Barclay’s Distressed Securities Index dropped 10.37% in September, Emerging Markets fell 10.28%, Convertible Arbitrage was down 8.97%, Equity Long Bias lost 8.29%, and the Multi-Strategy Index was down 8.16%.

“All of the MSCI Developed Market and Emerging Market country indices were down in September,” says Waksman. “As investors continue to shy away from risk, equity markets decline and credit spreads widen. Both of these factors are negative for hedge funds.”

In contrast to declines in most hedge fund strategies, the Barclay Equity Short Bias Index jumped 7.94% in September. Equity Short Bias has gained 23.42% in 2008.

“Obviously, when equity markets are in trouble, going short can provide significant gains that can help offset other losses in a portfolio,” says Waksman.

Year to date, the Barclay Hedge Fund Index has lost 11.33 percent, compared to a drop of 19.29 percent in the S&P 500.

The Barclay Fund of Funds Index lost 5.12% in September, and is down 11.42% for the year.

Click here to view five years of Barclay Hedge Fund Index data, or download 11 years of monthly data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For quotes, commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks 6,800 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes.

Institutional investors, brokerage firms and private banks worldwide utilize BarclayHedge data as performance benchmarks for the hedge fund and managed futures industries.

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Thursday, September 18, 2008

 

Managed Futures Hold Ground in August; Barclay CTA Index Up 0.11%

FAIRFIELD, Iowa, September 18, 2008 – Managed futures held steady in August, posting a small gain of 0.11% according to the Barclay CTA Index compiled by BarclayHedge. Year to date, the index is up 7.17%.

"Inflation fears moderated in August as commodity prices corrected and the global economy showed signs of slowing," says Sol Waksman, founder and president of BarclayHedge.

"Bond prices rose and traders holding long positions in North American and Australian markets were able to profit nicely."

Six of Barclay’s eight managed futures indices were in positive territory in August. The Discretionary Traders Index rose 0.25%, Diversified Traders were up 0.25%, and Currency Traders gained 0.20%.

Agricultural Traders had the weakest performance in August, losing 0.52%.

"Agricultural traders were caught flat-footed as prices for corn and soybeans, which had been in a sustained downtrend since the beginning of July, rallied at mid-month," says Waksman.

The Barclay BTOP50 Index, which monitors performance of the largest traders, lost 1.52% in August, but remains up 6.59% for the year. Since the beginning of September, the BTOP50 has gained 1.35%.

Through August, Barclay’s Diversified Traders Index leads all managed futures strategies with a gain of 12.42%.

Click here to view 28 years of Barclay CTA Index data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For more commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,800 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes.

Institutional investors, brokerage firms and private banks worldwide utilize Barclay’s data as performance benchmarks for the hedge fund and managed futures industries.

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Wednesday, September 17, 2008

 

Hedge Funds Slide in August; Barclay Hedge Fund Index Down 1.07%

FAIRFIELD, Iowa, September 17, 2008 – Hedge funds declined 1.07% in August according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year to date, the Index is down 5.59%.

"August was a difficult month for global equity markets," says Sol Waksman, founder and president of BarclayHedge.

"All but two of the MSCI Developed Markets Country indices and three of the Emerging Markets Country indices reported losses for the month."

Overall, 12 of Barclay’s 18 hedge fund indices declined in August. The Emerging Markets Index dropped 4.51%, and has lost 16.22% in the first eight months of 2008.

Equity Market Neutral fell 2.07%, Equity Short Bias lost 1.63%, Pacific Rim Equities slid 1.22%, and the Event Driven Index was down 1.24%.

"Taken as a group, hedge funds typically have a positive correlation with equity prices and a negative correlation with credit spreads," says Waksman.

"Whenever equity prices decline and credit spreads increase at the same time, it becomes more likely that hedge fund strategies will lose money."

On the positive side, Barclay’s Healthcare and Biotechnology Index gained 0.95% in August, Technology was up 1.05%, Merger Arbitrage gained 0.66%, and European Equities rose 0.62%.

The strongest hedge fund sector year to date is Equity Short Bias, which has gained 15.05% in eight months.

The Barclay Fund of Funds Index was down 1.44% in August.

Click here to view five years of Barclay Hedge Fund Index data, or download 11 years of monthly data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For more commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,800 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes.

Institutional investors, brokerage firms and private banks worldwide utilize Barclay’s data as performance benchmarks for the hedge fund and managed futures industries.

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Monday, August 18, 2008

 

Managed Futures Slide 2.37% in July; Barclay CTA Index Up 7.58% in 2008

FAIRFIELD, Iowa, August 18, 2008– Managed futures slipped in July, losing 2.37% according to the Barclay CTA Index compiled by BarclayHedge.

Year-to-date, the Barclay CTA Index is up 7.58%, outpacing most hedge fund strategies and equity markets.

“Price reversals in energy, metals, and agricultural markets were the primary causes of losses in July,” says Sol Waksman, founder and president of BarclayHedge.

“Corn prices dropped 20 percent, Natural Gas plunged 32 percent, and Crude Oil dropped $30 from its July 11th high.”

Seven of Barclay’s eight managed futures indices had losses in July. Diversified Traders dropped 4.31%, Systemic Traders fell 2.91%, Discretionary Traders lost 1.26%, and Financial and Metals Traders were down 1.24%.

“The financial markets were also difficult to navigate in July,” says Waksman. “Collapsing commodity prices focused investor concerns on a weakening economic environment and away from fears of inflation.”

The Barclay BTOP50 Index, which monitors performance of the largest traders, lost 1.48% in July, but remains up 6.80% in 2008.

Click here to view 28 years of Barclay CTA Index data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For more commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,800 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes. Institutional investors, brokerage firms and private banks worldwide utilize Barclay’s data as performance benchmarks for the hedge fund and managed futures industries.

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Thursday, August 14, 2008

 

Hedge Funds Lose Ground Again in July; Barclay Hedge Fund Index Down 1.99%

FAIRFIELD, Iowa, August 14, 2008 – Hedge funds declined 1.99% in July according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year-to-date, the index is down 4.44%.
“Hedge funds had another difficult month in July,” says Sol Waksman, founder and president of BarclayHedge.

“Stagnation in Europe, increasing risk of recession in Japan, and on-going mortgage problems in the U.S. drove equity prices lower and high yield credit spreads higher.”

Overall, 16 of Barclay’s 18 hedge fund indices lost ground in July. The Equity Long Bias Index fell 2.92%, Distressed Securities lost 2.79%, Emerging Markets dropped 2.58%, and the Technology Index was down 2.46%.

“Losses were widespread throughout most hedge fund sectors,” says Waksman. “The number of losing hedge funds outpaced winners by a three to one margin in July.”

However, Barclay’s Equity Short Bias Index rose another 0.89% in July, and is now up 17.38% in 2008.

The Barclay Fund of Funds Index lost 2.57% in July.

Click here to view five years of Barclay Hedge Fund Index data, or download 11 years of monthly data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For more commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,800 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes. Institutional investors, brokerage firms and private banks worldwide utilize Barclay’s data as performance benchmarks for the hedge fund and managed futures industries.

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Wednesday, July 16, 2008

 

Managed Futures Maintain Momentum; Barclay CTA Index Up 1.94% in June

FAIRFIELD, Iowa, July 16, 2008 – Managed futures continue to perform strongly in 2008, gaining 1.89% in June according to the Barclay CTA Index compiled by BarclayHedge.
The Barclay CTA Index has risen 8.88% in the first six months of 2008.

“The same trends responsible for increasing bearish sentiment in the financial markets have in many cases opened the door to profits for momentum-based futures traders,” says Sol Waksman, founder and president of BarclayHedge.

“Traders have found opportunities in declining stock prices, rising inflation, U.S. Dollar weakness and higher commodity prices.”

All of Barclay’s eight managed futures indices had positive returns in June. The Barclay Agricultural Traders Index jumped 4.58%, Diversified Traders gained 3.46%, and Systemic Traders were up 2.10%.

“Heavy rains and flooding have reduced crop yields in the U.S., driving prices higher and giving a boost to CTAs trading the agricultural markets,” says Waksman.

Barclay’s Diversified Traders Index has gained 15.85% during the first six months of 2008.
“Diversified traders have been able to benefit from a confluence of sustained trends in several of the major market sectors,” says Waksman.

“Traders usually don’t have these many profitable opportunities occurring simultaneously. Consequently, we are seeing an increase in fund launches in the commodity sector.”

The Barclay BTOP50 Index, which monitors performance of the largest traders, rose 2.10% in June, and is up 8.34% year to date.

Click here to view 28 years of Barclay CTA Index data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For more commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,800 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes. Institutional investors, brokerage firms and private banks worldwide utilize Barclay’s data as performance benchmarks for the hedge fund and managed futures industries.

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Tuesday, July 15, 2008

 

Hedge Funds Outperform Stocks in 2008; Barclay Hedge Fund Index Bests S&P 500 By 9.82%

FAIRFIELD, Iowa, July 15, 2008 – Although hedge funds declined 1.33% in June according to the Barclay Hedge Fund Index compiled by BarclayHedge, they have significantly outperformed stock market returns during the first six months of 2008.

While the Barclay Hedge Fund Index slipped 2.09% from January through June, the S&P 500 Index lost 11.91% and the NASDAQ fell 13.55% over the same period.

“Hedge funds typically outperform equity markets during difficult periods,” says Sol Waksman, founder and president of BarclayHedge.

“For example, during the three-year bear market from 2000 to 2002, the S&P 500 lost 36.70 percent of its value while hedge funds actually gained 21.48 percent.

“People focusing on recent hedge fund declines have lost sight of the bigger picture – these investments actually add more value during down market cycles than in up markets. After all, when the market is going up, there isn’t as much need to be hedged.”

The Barclay Equity Short Bias Index gained a remarkable 11.83% in June. Short sellers are now up 18.76% for the year.

“Thus far in 2008, shorting the equity markets has clearly been the most profitable strategy for hedge fund managers,” says Waksman.

“Whether they can hold on to these gains remains to be seen. Going short is a strategy that can come back and bite you when the markets turn quickly.”

In addition to the strong performance by Equity Short Bias, Equity Market Neutral was up 2.86% in June, and the Healthcare & Biotechnology Index rose 1.91%.

Twelve of Barclay’s 18 hedge fund indices lost ground in June. The Emerging Markets Index dropped 4.15%, Equity Long Bias was down 3.39%, and Pacific Rim Equities lost 2.98%.
After two quarters, the worst performing indices are Emerging Markets, down 9.39%, and Pacific Rim Equities, down 5.86%.

The Barclay Fund of Funds Index lost 0.69% in June, and is down by 2.51% for the year.
Click here to view five years of Barclay Hedge Fund Index data, or download 11 years of monthly data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For more commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,800 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes. Institutional investors, brokerage firms and private banks worldwide utilize Barclay’s data as performance benchmarks for the hedge fund and managed futures industries.

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Wednesday, June 18, 2008

 

Managed Futures Maintain 2008 Gains; Barclay CTA Index Up 1.37% in May

FAIRFIELD, Iowa, June 18, 2008 – Managed futures turned positive again in May, gaining 1.37% according to the Barclay CTA Index compiled by BarclayHedge.

“Both rising and falling commodity prices helped propel CTAs to another profitable month,” says Sol Waksman, founder and president of BarclayHedge.

“Prices for crude oil and gasoline continued an uninterrupted uptrend, and most traders held onto their profitable long positions.”

All eight BarclayHedge managed futures indices were positive in May. The Diversified Traders Index was up 1.73%. Diversified Traders have gained an impressive 13.53% in the first five months of 2008.

“In addition to taking advantage of favorable commodity markets, CTAs trading diversified portfolios were able to profit from a steepening yield curve in the U.S., rising stock prices in North American markets, and a strengthening of the Aussie dollar,” says Waksman.

The Barclay Systematic Traders Index gained 1.28% in May, Financial and Metals Traders rose 0.91%, Discretionary Traders were up 0.83%, and Agricultural Traders gained 0.65%.

“Wheat prices continued to fall due to a favorable harvest outlook, while soybean prices rose reflecting the negative expectations for this year’s crop.”

The Barclay CTA Index has risen 7.93% in the first five months of 2008, exceeding its 7.64% gain for all of 2007.

The Barclay BTOP50 Index, which monitors performance of the largest traders, rose 1.29%, and is up 5.66% through the end of May. Click here to view 28 years of Barclay CTA Index data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For more commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,800 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes. Institutional investors, brokerage firms and private banks worldwide utilize Barclay’s data as performance benchmarks for the hedge fund and managed futures industries.

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Monday, June 16, 2008

 

Hedge Funds Get a Lift in May; Barclay Hedge Fund Index Up 1.91%

FAIRFIELD, Iowa, June 16, 2008 – Hedge funds gained 1.91% in May according to the Barclay Hedge Fund Index compiled by BarclayHedge.

“More than 85 percent of the hedge funds on our platform reported a profitable return for May,” says Sol Waksman, founder and president of BarclayHedge.

“For profitable hedge funds, the average return in May was a gain of 2.57 percent.”

With one notable exception, all of Barclay's 18 hedge fund indices had positive returns in May. The Barclay Equity Long Bias Index was up 3.21%, Distressed Securities rose 2.73%, Healthcare and Biotechnology gained 2.58%, and the Technology Index was up 2.41%.

Performance in the equity markets was not equally distributed this month, and not all regions saw gains.

“The U.S. and Canadian equity markets had positive returns for May, whereas European markets were mixed, and in the UK prices actually declined,” says Waksman.

“Performance in the emerging markets was also mixed, with Latin America and Eastern Europe gaining while Asian markets suffered setbacks.”

The one losing strategy in May was Equity Short Bias, which fell 3.19%. Barclay’s Equity Short Bias Index still leads all other hedge fund strategies in 2008, with a 4.99% gain over the past five months.

The Barclay Fund of Funds Index rose 1.79% in May, but is still down by 1.74% for the year.
Click here to view five years of Barclay Hedge Fund Index data, or download 11 years of monthly data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For more commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,800 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes. Institutional investors, brokerage firms and private banks worldwide utilize Barclay’s data as performance benchmarks for the hedge fund and managed futures industries.

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Tuesday, May 13, 2008

 

Managed Futures Returns Mixed in April; Barclay CTA Index Down 0.27%

FAIRFIELD, Iowa, May 13, 2008 – Managed futures couldn’t find a direction in April, losing 0.27% according to the Barclay CTA Index compiled by BarclayHedge.

“Several profitable trends of the past few months reversed in April,” says Sol Waksman, founder and president of BarclayHedge.

“Growing confidence that the worst of the credit crisis may be behind us spurred a decline in prices for fixed income instruments as interest rate markets shifted their attention to inflationary concerns.”

Diversified Traders lost 0.74% in April, Systematic Traders were down 0.59%, and Financial and Metals Traders slid 0.56%.

“Although prices for precious metals declined sharply after mid-month, energy prices continued their advance,” says Waksman.

Agricultural Traders gained 1.14%, Discretionary Traders were up 0.20%, and Currency Traders rose 0.08%.

“The US Dollar, which has been in a five-year decline, staged a recovery in April. The rally was fueled by the belief that rate cuts by the Fed may be at an end.”

The Barclay BTOP50 Index, which monitors performance of the largest traders, lost 1.31% in April, but remains up 4.67% through the end of April.

Click here to view 28 years of Barclay CTA Index data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For more commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,800 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes. Institutional investors, brokerage firms and private banks worldwide utilize Barclay’s data as performance benchmarks for the hedge fund and managed futures industries.

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Thursday, May 8, 2008

 

Hedge Funds Choppy in 2008; Barclay Hedge Fund Index Gains 2.28% in April

FAIRFIELD, Iowa, May 8, 2008 – Hedge funds gained 2.28% in April according to the Barclay Hedge Fund Index compiled by BarclayHedge.

“Overall performance of the hedge fund industry has been on-again off-again in 2008, with losses in January and March offsetting February and April gains,” says Sol Waksman, founder and president of BarclayHedge.

Sixteen of Barclay's 18 hedge fund indexes had a positive return for April.

Technology soared 6.41% to erase a first quarter drop of 5.58%. The Pacific Rim Equities Index jumped 3.75% after three straight months of losses, and Fixed Income Arbitrage gained 3.00% after a 5.71% plunge in March.

The Emerging Markets Index rebounded 3.87% in April following a 4.64% loss in March.

“Global equity markets enjoyed a broad-based rally in April, raising stock prices in both developed and emerging markets,” says Waksman.

“Stock markets in Brazil, China, and India saw double digit increases for the month.”
The Distressed Securities Index gained 1.99% in April after five straight months of losses. “Market pundits are speculating that the financial sector’s worst losses from the sub-prime meltdown may be behind us. As evidence, they cite recent price increases in credit default swaps for financial firms, as well as a narrowing of the interest rate spread between investment grade and high yield credits.”

The BarclayHedge Fund of Funds Index rose 1.16% in April.

The Equity Short Bias Index was down 2.73% in April, however it leads all indices in 2008 with a 10.00% gain year to date.

Click here to view five years of Barclay Hedge Fund Index data, or download 11 years of monthly data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For more commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,800 hedge funds, funds of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes. Institutional investors, brokerage firms and private banks worldwide utilize Barclay’s data as performance benchmarks for the hedge fund and managed futures industries.

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Thursday, April 10, 2008

 

Managed Futures Down 0.36% in March; Barclay CTA Index Returns 7.09% in Q1

FAIRFIELD, Iowa, April 10, 2008 – Managed futures lost 0.36% in March according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 7.09% for the first quarter of 2008.

“Nearly 57 percent of the CTAs on our platform were profitable in March,” says Sol Waksman, founder and president of BarclayHedge.

“This is a significant achievement, considering the abrupt price reversals in commodity markets on March 19th, when crude oil dropped 4.5 percent and gold fell 5.9 percent in one day.”
Agricultural Traders lost 3.51% in March, and Discretionary Traders were down 0.91%.

“The challenge that agricultural traders face is that there are limited opportunities for diversification within an agricultural portfolio,” says Waksman.

“Despite the fact that most grains have been in a sustained uptrend for the past 18 months, agricultural traders can still be hurt when prices across the sector drop suddenly.”
Although Diversified Traders lost 0.99% in March, the Index has returned 13.92% in the first three months of 2008.

Barclay’s Currency Traders Index gained 0.56% in March, and Financial/Metals Traders rose 0.23%.

“Continued divergence between interest rates in the US and Europe has created profitable trading opportunities in the financial markets,” says Waksman.

“This interest rate divergence has also helped to drive the U.S dollar down, marking new lows against both the euro and the Japanese yen, and providing currency traders with opportunities to profit.”

The Barclay BTOP50 Index, which monitors performance of the largest traders, slipped 0.52% in March, but is still up 4.96% for the quarter.

Click here to view 28 years of Barclay CTA Index data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For more commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge, formerly known as The Barclay Group, was founded in 1985, and actively tracks more than 6,600 hedge funds, fund of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes. Institutional investors, brokerage firms and private banks worldwide utilize Barclay’s data as performance benchmarks for the hedge fund and managed futures industries.

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Monday, April 7, 2008

 

Hedge Funds Down 4.42% in 1st Quarter of 2008; Barclay Hedge Fund Index Drops 2.40% in March

FAIRFIELD, Iowa, April 7, 2008 – Hedge funds lost 2.40% in March according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is down 4.42% for the year.

“Following a strong recovery in February, hedge funds suffered another setback in March,” says Sol Waksman, founder and president of BarclayHedge.

“Fear of a collapse at Bear Stearns followed by the euphoria of a Fed bailout created large price swings in the equity markets, and made it a difficult trading month for both bulls and bears.”
Seventeen of Barclay's 18 hedge fund indexes declined in March. The Emerging Markets Index dropped 5.65%, Multi-Strategy fell 3.45%, Healthcare and Biotechnology lost 3.10%, Event Driven was down 2.79%, and Pacific Rim Equities lost 2.50%.

“Losses were wide-spread due to the volatile markets,” says Waksman. “At this point, 78 percent of the hedge funds on our platform have reported a negative return for March.”

The BarclayHedge Fund of Funds Index was down 2.49% in March.

Equity Short Bias Still Going Strong

The BarclayHedge Equity Short Bias Index was up 1.50% in March, and has gained 12.44% for the first quarter of 2008.

“The best-performing hedge fund strategy in 2008 has been shorting the market,” says Waksman.

“In fact, Equity Short Bias has five straight months of gains, up 21.90% since November 2007, an enviable return in these turbulent times.”

Click here to view five years of Barclay Hedge Fund Index data, or download 11 years of monthly data.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For more commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.

BarclayHedge, formerly known as The Barclay Group, was founded in 1985, and actively tracks more than 6,600 hedge funds, fund of hedge funds, and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes. Institutional investors, brokerage firms and private banks worldwide utilize Barclay’s data as performance benchmarks for the hedge fund and managed futures industries.

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