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FAIRFIELD, Iowa, June 15, 2016 — Hedge funds gained 0.78% in May, its third consecutive positive month, according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year to date, the Index is up 0.85%.
Sixteen of Barclay’s 18 hedge fund indices had gains in May. The Technology Index was up 2.74%, Distressed Securities gained 2.14%, Healthcare and Biotechnology was up 2.30%, European Equities gained 1.65%, and the Equity Long Bias Index added 1.21%.
“Good news on the US economic front helped push the S&P 500 Total Return Index to a 1.80 percent gain, just shy of its all-time high,” says Sol Waksman, founder and president of BarclayHedge.
The Equity Short Bias Index lost 1.54% in May, and the Global Macro Index slipped 0.26%.
At the end of May, nine of Barclay’s hedge fund indices have gains, and nine have losses.
The Event Driven Index is up 3.60%, Distressed Securities have gained 2.93%, Merger Arbitrage is up 2.69%, Emerging Markets have gained 2.22%, Equity Short Bias is up 1.77%, and Convertible Arbitrage has gained 1.58%.
The Healthcare and Biotechnology Index is down 7.06% for the year, European Equities have lost 4.20%, Pacific Rim Equities are down 2.40%, and the Equity Market Neutral Index has lost 1.38%.
The Barclay Fund of Funds Index gained 0.62% in May, but has lost 2.42% year to date.
Click here to view five years of Barclay Hedge Fund Index data, or to download 19 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 is the global leader in providing independent, research-based information services to the alternative investment industry. Founded in 1985, Barclay currently maintains data on more than 6,300 hedge funds, fund of funds, and CTAs. No one has been in the business of collecting alternative investment data longer than BarclayHedge.
Institutional investors, brokerage firms, and private banks worldwide utilize BarclayHedge indices as performance benchmarks for the hedge fund and managed futures industries.
