Tuesday, December 28, 2010


Hedge Fund Managers Turn Extremely Bullish on U.S. Equities According to Survey

New York, NY – December 28, 2010 – Hedge fund managers have turned extremely upbeat on U.S. equities, according to the TrimTabs/BarclayHedge Survey of Hedge Fund Managers for December. About 46% of the 92 hedge fund managers the firms surveyed in the past week are bullish on the S&P 500, while only 19% are bearish.

“These bullish and bearish readings are the highest and lowest, respectively, since the inception of our survey in May,” said Sol Waksman, founder and President of BarclayHedge. “The enthusiasm is not surprising. Our Hedge Fund Index shows consistent gains in 13 of the past 14 years, and hedge funds are firmly on track for a profitable 2010.”

Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.

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Friday, December 17, 2010


Global M&A Activity Up 25% Over Same Period in 2009

Hedge Funds See Opportunity as SWFs, PE Funds and Corporations Seek Acquisitions

From the 4th Quarter, 2010 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.

Take a healthy dose of government stimulus, corporate balance sheet deleveraging, and a revived trend of corporate profit growth, and before long corporations find themselves flush with cash. Add to that a hoard of cash that is sitting idly in private equity funds and increasing interest from sovereign wealth funds in corporate acquisitions. Put it all together and you may very well have the necessary conditions in place for a merger wave.

So far in 2010 corporations have been putting cash to good work by increasing dividends, repurchasing stock, improving technology, and restocking inventory. No mode of cash utilization, however, has been as intriguing and buzzed about by Wall Street and Main Street more than the increased trend in merger and acquisition activity in 2010. Mergermarket reports that global M&A activity for the first three quarters of 2010 totaled $1.4 trillion, up 25% from the same period in 2009. And according to The Economist, global M&A grew by 40% and 43% in the first two years of recovery after the 2000-01 recession.

This phenomenon has not gone unnoticed by the hedge fund community. Multi-strategy and event-driven managers have increased their activity in the space while a flurry of new funds has also launched to capitalize on the opportunity set. In order to discuss the recent trends in M&A activity and explore the investment landscape for merger arbitrageurs, we’ve assembled a panel of expert practitioners in the field.

Our panelists are:

Drew Figdor, TIG Advisors, LLC.
Jeff O'Brien, Highland Capital Management.
Jonathan Spitzer, First Eagle Investment Management, LLC.

The complete article will be available on the BarclayHedge.com website in February2011. Subscribe to receive each issue of the Barclay Managed Funds Report as it comes out.

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Tuesday, December 14, 2010


Barclay CTA Index Loses 1.08% in November; Trend Reversals in Currencies, Commodities, and Interest Rates are to Blame

FAIRFIELD, Iowa, December 14, 2010– Managed futures lost 1.08% in November according to the Barclay CTA Index compiled by BarclayHedge. The Index remains up 3.77% for the year.

“As concern mounted regarding the possibility of inflation in China, war in Korea, and the dissolution of the Euro, investors decreased their risk exposures,” says Sol Waksman, founder and president of BarclayHedge.

Read the entire Managed Futures Press Release by clicking here.

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Monday, December 13, 2010


Barclay Hedge Fund Index Gains 0.56% in November; Hedge Funds Up 7.75% After Eleven Months

FAIRFIELD, Iowa, December 13, 2010– Hedge funds gained 0.56% in November according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 7.75% year-to-date.

“Hedge funds appear to be on their way to another profitable year,” says Sol Waksman, founder and president of BarclayHedge.

Read the entire Hedge Fund Press Release by clicking here.

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Thursday, December 9, 2010



After conducting a 'Silver' Due Diligence on a universe of UCITS-compliant and non-UCITS funds, this paper highlights the results and seeks to answer the question of whether a move to UCITS funds will lead to the improvement of a portfolio’s qualitative risk profile.

The results may present some surprises in areas which investors tend to accept as non-important when deciding to purchase a UCITS fund.

Read the full study here.

Hedge Fund Due Diligence Reports

BarclayHedge and SwissAnalytics have teamed up to offer hedge fund and CTA due diligence. As a BarclayHedge member, you receive an ongoing $500 discount on "Silver" Due Diligence reports and an exclusive 10% discount on your first "Gold" or "Ops" Due Diligence Report from SwissAnalytics.

SwissAnalytics conducts due diligence on the entire range of alternative investment strategies and managers located anywhere in the world in a timely and cost-effective manner. Services are currently offered along three core lines: "Silver"-, "Gold"-, and "Ops"-Due Diligence.

To download a sample "Silver" Due Diligence Report, simply fill out this short request form.

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The AIFM (Alternative Investment Fund Managers) Directive

By Dermot Butler, Chairman of Custom House Global Funds Services Ltd.

In his paper, Dermot dissects the latest developments of the AIFM Directive, and in particular, it’s impact on Third Country participants — non-EU AIFMs and non-EU AIFs.

Read the full study here.

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Tuesday, December 7, 2010


Capitalizing on Capitol Hill: Informed Trading by Hedge Fund Managers

By Meng Gao, Risk Management Institute, National University of Singapore and Jiekun Huang, Department of Finance, NUS Business School

In their paper they examine the hypothesis that hedge fund managers obtain an informational advantage in securities trading through their connections with lobbyists.

Download the full article here.

From the December 2010 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.

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October Hedge Fund & CTA Performance

Hedge funds had a positive month in October reflected by gains in seventeen of our eighteen indices. The average return for the 3,020 hedge funds (ex. FoFs) that have so far reported an October return is +1.95%. The estimates for November, 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, 16 of 18 hedge fund sectors are showing positive returns for November.

Commodity Trading Advisor performance for October as measured by the Barclay CTA Index averaged +2.28%. November's estimate based on the performance of the Barclay BTOP50 Index is -2.09%.

Hedge Fund Indices Managed Futures Indices

From the December 2010 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.

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TrimTabs/BarclayHedge Survey of Hedge Fund Managers - November Survey

The topical study from the December 2010 issue of The Hedge Fund Flow Report. Gain insight into industry trends and hedge fund asset flows before you make your next important decision.

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Monday, December 6, 2010


Hedge Funds Post Inflow of $16.0 Billion in October, Fourth Straight Inflow since November 2009

New York, NY – December 6, 2010 – TrimTabs Investment Research and BarclayHedge reported that the hedge fund industry posted an estimated inflow of $16.0 billion (1.0% of assets) in October 2010, the fourth straight inflow as well as the heaviest since November 2009.

“Flows are doubtless following performance,” said Sol Waksman, founder and President of BarclayHedge.  “Hedge funds returned 1.95% in October and 7.10% in the four months following the May-June skid.  Also, our preliminary data shows that hedge funds are outperforming the S&P 500 by about 21 basis points through November.”

Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.

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