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Hedge funds return 2.68 in February up 3.76 YTD


Opalesque Industry Update - The hedge fund industry continued its positive run in February, returning 2.68% for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P Total Return Index gained nearly 2.76% in February.
For the year to date, the hedge fund industry gained 3.76% through the end of February. The S&P 500 Total Return Index returned 1.72% over the same period.
All but one sector tracked in the Barclay Hedge Fund Indices gained ground in February.
Signs that the US economy was recovering more quickly than anticipated coupled with bullish appraisals of the global economy s prospects boosted equity markets and energy prices in February, said Sol Waksman, president of BarclayHedge. Though U.S. unemployment numbers remained high, they were trending downward. There were additional indications that fiscal stimulus was having the desired effect as U.S. retail sales had its best ....

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Barclay Hedge Fund Index up 0.98 in January


Opalesque Industry Update - Hedge funds started 2021 on a positive note returning 0.98% in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 Total Return Index was down 1.01% in January.
Gainers outnumbered losers in January among the sectors tracked in the Barclay Hedge Fund Indices, despite challenging news on both the economic and the COVID-19 pandemic fronts during the month.
Most hedge funds sectors performed solidly during a complicated month, said Sol Waksman, president of BarclayHedge. Equity markets reached record highs before tailing off late in the month with the S&P 500 experiencing its worst week since October. Meanwhile, COVID cases surged once again, leading to a U.K. lockdown and a downturn in U.S. employment. Despite the negatives, the hedge fund industry managed to produce a positive month in January. ....

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