CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Barclay Hedge Fund Index Extends Gains In November

Barclay Hedge Fund Index Extends Gains In November

by Phillip Morton, Investors Offshore.com

13 December 2006


The Barclay Hedge Fund Index gained 1.89% in November, with rising equity prices once again a key driver of hedge fund performance over the month.

The Barclay Hedge Fund Index tracks the performance of more than 2,800 single-manager hedge funds, and according to the firm, 89% of funds reporting their performance were profitable in November.

“For the fourth month in a row, increasing equity prices set the stage for hedge fund profits in most strategies,” announced Sol Waksman, founder and president of The Barclay Group.

“The decline in US interest rates not only helped support domestic equity prices, but also drove yield-hungry investors to bid up prices of distressed and high yield bonds," he added.

Only the Equity Short Bias Index fell, down 2.95% in November and 6.70% for the year.

“The past four months have been difficult for short-sellers. It’s hard to make money on the short side when the broad market is in rally mode," observed Waksman.

Year-to-date, the Barclay Emerging Markets Index has gained 17.81%, Healthcare and Biotechnology is up 14.12%, and Equity Long Bias has gained 13.23%.

“All of the MSCI regional emerging market indices measured gains in November. Only a handful of countries - Columbia, Jordon, Morocco, Pakistan and Turkey - experienced equity market declines," noted Waksman.

The Barclay Hedge Fund Index is up 10.75% for the year.

A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »