.svg)
FAIRFIELD, Iowa, October 10, 2007– Hedge funds gained 2.68% in September, reversing a 1.41% loss in August, according to flash estimates from the Barclay Hedge Fund Index.
Year-to-date, the Index has gained 9.05% through September 30.
“Of the 2,200 funds that have so far reported a September return, 86 percent are profitable," says Sol Waksman, founder and president of The Barclay Group.
“September hedge fund gains are in sharp contrast to August, when 75 percent of the funds reported losses.”
Overall, 17 of Barclay’s 18 hedge fund indices had positive returns in September.
The Emerging Markets Index jumped 5.70%, Global Macro was up 4.10%, Equity Long Bias gained 3.17%, Healthcare and Biotechnology rose 2.93%, Technology was up 3.00%, and the Fixed Income Arbitrage Index gained 2.26%
“Stock markets around the world rallied in September, providing a boost to equity strategies,” says Waksman.
“Emerging markets were quite strong this month, as reflected by a gain of 16.64 percent in the MSCI BRIC (Brazil, Russia, India, China) Index.”
The Equity Short Bias Index lost 1.29% in September.
The Barclay Fund of Funds Index was up 1.82% in September and has gained 7.01% year-to-date.
After three quarters, Barclay’s Emerging Markets Index has gained 19.27% in 2007, Technology is up 13.44%, and Merger Arbitrage has gained 12.51%.
Click here to download ten years of Barclay Hedge Fund 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 sol@barclayhedge.com.
The Barclay Group, founded in 1985, actively tracks more than 6,400 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.
