BarclayHedge Blog

FAIRFIELD, Iowa, February 16, 2011– Managed futures started the year with a 0.41% loss in January according to the Barclay CTA Index compiled by BarclayHedge.

“The chief drivers of CTA performance in January were an improving economic outlook and geo-political uncertainty in the Middle East,” says Sol Waksman, founder and president of BarclayHedge.

Read the entire Managed Futures Press Release by clicking here.

Labels: BarclayHedge press release, CTA

FAIRFIELD, Iowa, February 15, 2011– Hedge funds gained 0.52% in January according to the Barclay Hedge Fund Index compiled by BarclayHedge.

“Equity markets in the USA and across Europe continued to rally for a fifth consecutive month,” says Sol Waksman, founder and president of BarclayHedge.

Read the entire Hedge Fund Press Release by clicking here.

Labels: BarclayHedge press release, hedge funds

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

The first in a series of three articles that discusses the three main fund domiciles in the EU: Dublin, Luxembourg and Malta. In his paper, Dermot explains the key features and advantages of the Luxembourg Specialised Investment Fund (SIF).

Read the full study here.

Labels: Barclay Insider Report, commodity trading advisor, CTA, flows into hedge funds, Fund Administration Research Articles, funds of hedge funds, Hedge Fund Administration, hedge fund research

By Hyuna Park, Assistant Professor of Finance at the College of Business, Minnesota State University

Hedge funds are in a better position than mutual funds in timing systematic risk factors because they are less regulated and thus have more freedom to use leverage and short sales. In her paper, Park examines whether factor timing is a source of hedge fund alpha.

Download the full article here.

From the February 2011 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 performance, hedge fund research

Hedge funds had a positive month in December reflected by gains in seventeen of our eighteen indices. The average return for the 3,091 hedge funds (ex. FoFs) that have so far reported a December return is +2.94%. The estimates for January, 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, 14 of 18 hedge fund sectors are showing positive returns for January.

Commodity Trading Advisor performance for December as measured by the Barclay CTA Index averaged +3.52%. January's estimate based on the performance of the Barclay BTOP50 Index is -1.11%.

Hedge Fund Indices Managed Futures Indices

From the February 2011 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

The topical study from the February 2011 issue of The Hedge Fund Flow Report. Gain insight into industry trends and hedge fund asset flows before you make your next important decision.

• Hedge fund managers remain very upbeat on U.S. equities. About 37% of the 91 managers we surveyed are bullish on the S&P 500, while only 26% are bearish. These readings are the second-highest and second-lowest (respectively) since the inception of our survey in May 2010.



• A host of other sentiment gauges - the Merrill Lynch Bank of America survey of institutional investors, the AAII survey of retail investors, the Investors Intelligence survey of investment advisors, and the put/call ratio - show that investors of all stripes are extremely optimistic on domestic stocks. Also, spec traders continue to short the VIX aggressively even though volatility has decreased steadily.



• Bearish bond sentiment is the flip side of bullish stock sentiment. About 38% of hedge fund managers are bearish on the 10-year Treasury note, while only 15% are bullish. The January Bank of America Merrill Lynch survey reveals that a net 54% of portfolio managers are underweight bonds, up from 47% in December. Nevertheless, hedge fund managers remain reluctant to fight the Fed. Spec traders maintain a large net long position (3.5 to 1) on the five-year note, while they are only modestly short longer-dated issues. . .

Accredited investors can read the entire article for free.

From the February 2011 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, flows into hedge funds, Hedge Fund Flow Topical Study

New York, NY – February 7, 2011 – TrimTabs Investment Research and BarclayHedge report that the hedge fund industry posted an estimated inflow of $6.6 billion (0.4% of assets) in December 2010, the sixth straight inflow. Industry assets stand at $1.7 trillion, the highest level since October 2008.

“The December inflow is very bullish for the industry because year-end redemptions typically produce an outflow in December,” said Sol Waksman, founder and President of BarclayHedge. “Additionally, about 50% of hedge fund managers will collect fees for their performance last year, a much larger share than 32% in 2009, and we estimate that industry revenue in 2010 clocked in at a hefty $53 billion.”

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

Labels: BarclayHedge press release, CTA, flows into CTAs, flows into hedge funds, hedge fund flows, hedge fund research, hedge funds