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Barclay Hedge Fund Index Up 1.41% in June; Equity Market Rally Gives a Lift to Hedge Funds

FAIRFIELD, Iowa, July 17, 2014 — Hedge funds gained 1.41% in June, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is now up 3.76% in 2014.

“As investor’s shrugged off a downward revision of first quarter GDP and focused instead on the positive economic news coming out of the US, equity markets rallied to new all-time highs in June,” says Sol Waksman, founder and president of BarclayHedge.

“Equity prices in emerging markets and Japan posted strong gains as well."

All but two of Barclay’s 18 hedge fund indices gained ground in June. The Barclay Healthcare & Biotechnology Index jumped 3.81%, Technology was up 2.97%, Pacific Rim equities rose 2.15%, Equity Long Bias gained 1.87%, the Event Driven Index added 1.86%, and Distressed Securities were up 1.44%.

“Investor interest in tech stocks remained strong as the NASDAQ Composite Index rose 3.9% in June,” says Waksman.

The Equity Short Bias Index lost 2.42% in June, and European Equities were down 0.50%.

“Although US and Asian equity markets rallied, the European economy remains beset by woes which drove prices lower on the DAX and FTSE," says Waksman.

After two quarters, Healthcare & Biotechnology has gained 11.09%, Distressed Securities are up 6.54%, the Event Driven Index has gained 5.97%, Fixed Income Arbitrage is up 4.65%, and Equity Long Bias has gained 3.94%.

Equity Short Bias has lost 8.93% year to date, the Technology Index is down 1.57%, Global Macro has lost 0.39%, and Pacific Rim Equities are down 0.22%.

The Barclay Fund of Funds Index gained 0.94% in June, and is now up 1.88% in 2014.

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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 was founded in 1985 and actively tracks more than 6,200 hedge funds, funds of hedge funds, and managed futures programs. Each month Barclay provides updated performance rankings for 38 Hedge Fund categories, 16 CTA categories, and 7 UCITS categories.

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