FAIRFIELD, Iowa, September 20, 2016 — Hedge funds gained 0.65% in August according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year to date, the Index is up 3.37%.
“An August calm set the stage for a profitable month with 70 percent of hedge funds reporting gains on the month,” says Sol Waksman, founder and president of BarclayHedge.
Fifteen of Barclay’s 17 hedge fund indices gained ground in August. Distressed Securities were up 2.31%, Emerging Markets gained 1.40%, the Event Driven Index was up 1.33%, the Technology Index added 1.18%, and Convertible Arbitrage gained 1.13%.
In the loss column, Global Macro gave up 0.84%, and the Equity Market Neutral Index was down 0.61% for the month.
At the end of August, eleven of Barclay’s hedge fund indices have positive returns in 2016, while six have losses. Emerging Markets are up 8.66% year to date, Distressed Securities have gained 7.62%, the Event Driven Index is up 7.57%, Convertible Arbitrage has gained 3.82%, and Merger Arbitrage is up 3.39%.
European Equities are down 5.98% for the year, Healthcare and Biotechnology has lost 4.29%, Pacific Rim Equities have given up 1.82%, and the Equity Market Neutral Index is down 1.42%.
The Barclay Fund of Funds Index gained 0.36% in August, but remains down 1.70% year to date.
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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 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.