BarclayHedge Blog

As Investor Risk Appetite Returns to Normal, FrontierMarkets are Now Poised for Growth

From the Fourth Quarter, 2009 issue of Barclay Managed Funds Report. The full report also includes 24 hedge fund and managed futures performance ranking tables and in-depth manager profiles. Subscribe. View Roundtables from back issues.

Oh, what a difference a year can make! This time last year the global markets were on the verge of Armageddon, and investors could not pull their capital out of any risk-based asset class fast enough, let alone one of the riskiest asset classes,
emerging markets.

The aggregate emerging markets were hit particularly hard, with equity losses of more than 50% on $50 billion of fund outflows. It would seem that investors had finally had enough of the frivolous risk taking that has all too often driven many
a market to bubbly proportions. Fast forward nine months, however, and emerging
market equities have advanced more than 60% year-to-date through September, and fund inflows have returned to a breakneck pace. It’s not overly evident where the steam for this recent rally is coming from – whether it’s the few trillion dollars of global stimulus spending, a serious case of investor amnesia, or a sense of urgency to win back the investment losses from 2008.

Perhaps the emerging markets were just simply oversold and may not be susceptible
to the lingering economic downturn and eventual hangover effects of a few trillion dollars’ worth of debt. Whatever the cause, it appears that the emerging markets are set to post spectacular returns for all of 2009, although a keen eye may be critical to determine the inflection point between fair value and a new and improved bubble. To review the opportunities and risks in emerging market investments, we have assembled a panel of experts with hands on experience in the sector. Our panel includes:

Ajay G. Jani, Gramercy LLC
Gavin Joubert, Coronation Fund Managers
Ian McCall, MSc, Argo Group Limited

The complete article will be available on the BarclayHedge.com website in February 2010. Subscribe to receive each issue of the Barclay Managed Funds Report as it comes out.

Labels: Barclay Managed Funds Report, CTA, hedge fund performance, hedge funds

BarclayHedge is now posting new fund launches on our website. Check back often, as we’ll be updating this information daily. To see the latest hedge funds, fund of funds and CTAs that have launched recently or will be launching soon click here. Fund Managers who would like to see their new fund listed on Barclay’s website and featured in the next Insider Report, can submit new fund launch press releases directly to rmiller@barclayhedge.com. Below is a list of recent fund launches:

• Aperio Master Multi-Trading Ltd.


• Artemis Capital Investors, L.P.


• Auriel European Eq Strategy


• Rotella TEXO


• The NEAS Power Fund

From the November 2009 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.

Labels: CTA, hedge funds, New Fund Launches

FAIRFIELD, Iowa, November 17, 2009– Although managed futures lost 0.77% in October according to the Barclay CTA Index compiled by BarclayHedge, assets under management have increased significantly in recent months.

“Even though the Barclay CTA Index is down 0.66% in 2009, assets under management in managed futures investments increased by $15.2 billion in the third quarter of 2009, to $212.6 billion,” says Sol Waksman, founder and president of BarclayHedge.

Read the entire Managed Futures Press Release by clicking here.

Labels: BarclayHedge press release, managed futures

FAIRFIELD, Iowa, November 16, 2009– Hedge funds registered a 0.20% loss in October according to the Barclay Hedge Fund Index compiled by BarclayHedge.

“Prior to October’s loss, the Barclay Hedge Fund Index gained 21.96 percent during seven consecutive months of positive performance,” says Sol Waksman, founder and president of BarclayHedge.

Read the entire Hedge Fund Press Release by clicking here.

Labels: BarclayHedge press release, hedge funds

Everest Capital contributes this month's special report.

In their paper they explore how distinctions between emerging and developing markets are disappearing. Yet, there is one measure by which there is still a distinction, and for that reason, investors should focus more on emerging markets than developed markets.

Download the full article here.

From the November 2009 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, hedge fund research, hedge funds

By Wesley R. Gray, University of Chicago, Booth School of Business

In his paper he studies novel data, from a confidential website, where a select group of fundamental-based hedge fund managers share investment ideas. Evidence suggests that the managers’ long recommendations earn economic and statically significant long-term abnormal returns.

Download the full article here.

From the November 2009 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, hedge fund research, hedge funds

Hedge funds had a positive month in September reflected by gains in seventeen of our eighteen indices. The average return for the 2,685 hedge funds (ex. FoFs) that have so far reported a September return is +3.21%. The estimates for October, 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, 10 of 18 hedge fund sectors are showing negatives returns for October.

Commodity Trading Advisor performance for September as measured by the Barclay CTA Index averaged +0.97%. October's estimate based on the performance of the Barclay BTOP50 Index is -1.31%.

Hedge Fund Indices Managed Futures Indices

From the November 2009 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.

Labels: Barclay Insider Report, commodity trading advisor, CTA, hedge fund performance

The topical study from the November 2009 issue of The Hedge Fund Flow Report. Gain insight into industry trends and hedge fund asset flows before you make your next important decision.


This week, we processed and analyzed 13F filings for the second quarter of 2009. 13F filings are filed by all large investment advisors and contain their equity positions.

We found that:

The top 100 institutional advisers overweighted Industrials in the second quarter. In addition, they rebalanced heavily towards Financials and Consumer Discretionary, which could explain the strong performance in those sectors.

The top 85 hedge funds continue to overweight Health Care stocks and underweight Consumer Staples stocks. . . .

Accredited investors can read the entire article for free.


From the November 2009 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: CTA, Hedge Fund Flow Topical Study, hedge funds