FAIRFIELD, Iowa, September 19, 2017 — Hedge Funds notched their tenth consecutive monthly gain in August, rising 0.63%, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index has risen 6.14% in 2017.
“Hedge funds continued their winning ways last month,” says Sol Waksman, founder and president of BarclayHedge. “Global equity markets continued to gain ground in spite of harsh rhetoric from the US and North Korea. Hedge fund gains were broad based, with 12 of 16 sub-indices posting positive returns in August.”
Technology Outshines All Sectors
Technology funds posted the sharpest gains for the month (+2.93%) and also lead for the year with a positive return of 16.48%.
Emerging Markets and Healthcare and Biotechnology continue to shine as well with gains of 1.92% and 1.71% respectively in August. Both sectors are strong gainers year to date, with Healthcare up 13.87% and Emerging Markets showing a gain of 13.13%.
Merger Arbitrage and Convertible Arbitrage were down slightly for the month while Distressed Securities fell 0.50% and the Event Driven Index was down 0.79%.
For a complete table of BarclayHedge Hedge Fund Index and Sub-Index performance for August, click here.
Sol Waksman is the founder and president of BarclayHedge. Waksman is an industry expert and experienced media source, providing perspectives on hedge fund and managed futures trends.
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 6,600 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.