Monday, August 18, 2008
Managed Futures Slide 2.37% in July; Barclay CTA Index Up 7.58% in 2008
FAIRFIELD, Iowa, August 18, 2008– Managed futures slipped in July, losing 2.37% according to the Barclay CTA Index compiled by BarclayHedge.
Year-to-date, the Barclay CTA Index is up 7.58%, outpacing most hedge fund strategies and equity markets.
“Price reversals in energy, metals, and agricultural markets were the primary causes of losses in July,” says Sol Waksman, founder and president of BarclayHedge.
“Corn prices dropped 20 percent, Natural Gas plunged 32 percent, and Crude Oil dropped $30 from its July 11th high.”
Seven of Barclay’s eight managed futures indices had losses in July. Diversified Traders dropped 4.31%, Systemic Traders fell 2.91%, Discretionary Traders lost 1.26%, and Financial and Metals Traders were down 1.24%.
“The financial markets were also difficult to navigate in July,” says Waksman. “Collapsing commodity prices focused investor concerns on a weakening economic environment and away from fears of inflation.”
The Barclay BTOP50 Index, which monitors performance of the largest traders, lost 1.48% in July, but remains up 6.80% in 2008.
Click here to view 28 years of Barclay CTA 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 swaksman@barclayhedge.com.
BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,800 hedge funds, funds 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.
Year-to-date, the Barclay CTA Index is up 7.58%, outpacing most hedge fund strategies and equity markets.
“Price reversals in energy, metals, and agricultural markets were the primary causes of losses in July,” says Sol Waksman, founder and president of BarclayHedge.
“Corn prices dropped 20 percent, Natural Gas plunged 32 percent, and Crude Oil dropped $30 from its July 11th high.”
Seven of Barclay’s eight managed futures indices had losses in July. Diversified Traders dropped 4.31%, Systemic Traders fell 2.91%, Discretionary Traders lost 1.26%, and Financial and Metals Traders were down 1.24%.
“The financial markets were also difficult to navigate in July,” says Waksman. “Collapsing commodity prices focused investor concerns on a weakening economic environment and away from fears of inflation.”
The Barclay BTOP50 Index, which monitors performance of the largest traders, lost 1.48% in July, but remains up 6.80% in 2008.
Click here to view 28 years of Barclay CTA 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 swaksman@barclayhedge.com.
BarclayHedge (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,800 hedge funds, funds 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.
Labels: BarclayHedge press release, managed futures
Thursday, August 14, 2008
Hedge Funds Lose Ground Again in July; Barclay Hedge Fund Index Down 1.99%
FAIRFIELD, Iowa, August 14, 2008 – Hedge funds declined 1.99% in July according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year-to-date, the index is down 4.44%.
“Hedge funds had another difficult month in July,” says Sol Waksman, founder and president of BarclayHedge.
“Stagnation in Europe, increasing risk of recession in Japan, and on-going mortgage problems in the U.S. drove equity prices lower and high yield credit spreads higher.”
Overall, 16 of Barclay’s 18 hedge fund indices lost ground in July. The Equity Long Bias Index fell 2.92%, Distressed Securities lost 2.79%, Emerging Markets dropped 2.58%, and the Technology Index was down 2.46%.
“Losses were widespread throughout most hedge fund sectors,” says Waksman. “The number of losing hedge funds outpaced winners by a three to one margin in July.”
However, Barclay’s Equity Short Bias Index rose another 0.89% in July, and is now up 17.38% in 2008.
The Barclay Fund of Funds Index lost 2.57% in July.
Click here to view five years of Barclay Hedge Fund Index data, or download 11 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 (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,800 hedge funds, funds 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.
“Hedge funds had another difficult month in July,” says Sol Waksman, founder and president of BarclayHedge.
“Stagnation in Europe, increasing risk of recession in Japan, and on-going mortgage problems in the U.S. drove equity prices lower and high yield credit spreads higher.”
Overall, 16 of Barclay’s 18 hedge fund indices lost ground in July. The Equity Long Bias Index fell 2.92%, Distressed Securities lost 2.79%, Emerging Markets dropped 2.58%, and the Technology Index was down 2.46%.
“Losses were widespread throughout most hedge fund sectors,” says Waksman. “The number of losing hedge funds outpaced winners by a three to one margin in July.”
However, Barclay’s Equity Short Bias Index rose another 0.89% in July, and is now up 17.38% in 2008.
The Barclay Fund of Funds Index lost 2.57% in July.
Click here to view five years of Barclay Hedge Fund Index data, or download 11 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 (formerly The Barclay Group) was founded in 1985 and actively tracks more than 6,800 hedge funds, funds 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.
Labels: BarclayHedge press release, hedge funds
Sunday, August 10, 2008
Flows into Hedge Funds and Flows into Mutual Funds
The topical study from the August 2008 issue of The Hedge Fund Flow Report. Gain insight into industry trends and hedge fund asset flows before you make your next important decision.
Is there any relationship between flows into hedge funds and flows into mutual funds?
Intuitively, the two variables seem related. Investors could be moving assets from mutual funds to higher performance hedge funds, causing a negative correlation between flows into hedge funds and mutual funds. On the other hand, hedge funds might invest some of their assets into mutual funds, causing a positive correlation between hedge fund and mutual fund flows.
We studied monthly flows into hedge funds and equity mutual funds since January 2000, scaling flows by total assets to adjust for asset values rising over time. Our two-variable regression measured whether flows into hedge funds influenced flows into mutual funds.
Flows into hedge funds seem to explain . .
Accredited investors can read the entire article for free.
From the August 2008 issue of The Hedge Fund Flow Report. The Hedge Fund Flow Report combines the accuracy of the BarclayHedge database with the analytical insight of TrimTabs Investment Research. The report is generated by TrimTabs Investment Research using the most current data on thousands of hedge funds. An annual subscription includes 12 monthly updates as well as a spreadsheet containing historical flow aggregates by category.
To download a free sample of the entire TrimTabs Hedge Fund Flow Report, simply fill out this short request form.
Is there any relationship between flows into hedge funds and flows into mutual funds?
Intuitively, the two variables seem related. Investors could be moving assets from mutual funds to higher performance hedge funds, causing a negative correlation between flows into hedge funds and mutual funds. On the other hand, hedge funds might invest some of their assets into mutual funds, causing a positive correlation between hedge fund and mutual fund flows.
We studied monthly flows into hedge funds and equity mutual funds since January 2000, scaling flows by total assets to adjust for asset values rising over time. Our two-variable regression measured whether flows into hedge funds influenced flows into mutual funds.
Flows into hedge funds seem to explain . .
Accredited investors can read the entire article for free.
From the August 2008 issue of The Hedge Fund Flow Report. The Hedge Fund Flow Report combines the accuracy of the BarclayHedge database with the analytical insight of TrimTabs Investment Research. The report is generated by TrimTabs Investment Research using the most current data on thousands of hedge funds. An annual subscription includes 12 monthly updates as well as a spreadsheet containing historical flow aggregates by category.
To download a free sample of the entire TrimTabs Hedge Fund Flow Report, simply fill out this short request form.
Labels: Hedge Fund Flow Topical Study, hedge funds
Thursday, August 7, 2008
June Commodity Trading Advisor and Hedge Fund Performance
Commodity Trading Advisor performance for June as measured by the Barclay CTA Index averaged +1.99%. July’s estimate based on the performance of the Barclay BTOP50 Index is -1.48%.
Hedge funds had a down month in June reflected by losses in thirteen of our eighteen indexes. The average return for the 2,968 hedge funds (ex. FoFs) that have so far reported a June return is -1.67%. The estimates for July, along with the number of funds reporting for each of our 18 sectors can be found at the link below. These indices are being continually updated as current returns for the underlying hedge funds are recorded into our system. As of this writing, 15 of 18 hedge fund sectors are showing negative returns for July.
Hedge Fund Indices and Managed Futures Indices
From the August 2008 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.
Hedge funds had a down month in June reflected by losses in thirteen of our eighteen indexes. The average return for the 2,968 hedge funds (ex. FoFs) that have so far reported a June return is -1.67%. The estimates for July, along with the number of funds reporting for each of our 18 sectors can be found at the link below. These indices are being continually updated as current returns for the underlying hedge funds are recorded into our system. As of this writing, 15 of 18 hedge fund sectors are showing negative returns for July.
Hedge Fund Indices and Managed Futures Indices
From the August 2008 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.
Labels: Barclay Insider Report, commodity trading advisor, hedge fund performance
Time Frames, Research Quality and Strategy: The Differentiating Factors for CTAs?
By Elliot Noma, Amal Alibair, and William T. Long of Asset Alliance Corporation
Examines the roles played by factors such as a CTA’s time frame for trades, trading strategy, and quality of in-house research in affecting manager returns.
Download the full article here
From the April 2008 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.
Examines the roles played by factors such as a CTA’s time frame for trades, trading strategy, and quality of in-house research in affecting manager returns.
Download the full article here
From the April 2008 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.
Labels: Barclay Insider Report, Barclay Insider Report Guest Article, CTA
The Rising Costs of Low U.S. Interest Rates
By Ryan Faulkner, President of Faulkner Capital Inc.
Examines the impact of the FOMC’s (Federal Open Market Committee's) decision to drastically reduce interest rates over the past year and its effect on the U.S. economy and global markets.
Download the full article here
From the August 2008 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.Labels: Barclay Insider Report, Federal Open Market Committee, FOMC, interest rates
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