Barclay Merger Arbitrage Index
Merger Arbitrage funds typically
invest simultaneously long and short in the companies involved
in
a merger or acquisition.
Risk arbitrageurs are typically long the stock of the company
being acquired and short the stock of the acquirer. By shorting
the stock of the acquirer, the manager hedges out market risk,
and isolates his exposure to the outcome of the announced deal.
The Barclay Merger Arbitrage Index is recalculated
and updated real-time on this page as soon as the monthly returns
for the underlying funds are recorded. The number
of funds that are currently included in the calculations for
the most recent months can be found in the footnotes below.
Please note that the calculation for the number of funds is
time-stamped and that the number of funds will continue to
increase until all funds categorized within the sector have
reported monthly returns.
|
2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
| Jan |
-0.88% | 2.66% | 3.00% | -0.01% | 0.93% | 0.18% | 0.86% | 1.05% |
| Feb |
1.15% | 2.30% | 0.85% | 0.84% | 0.38% | 0.19% | -0.30% | 0.45% |
| Mar |
-0.96% | 0.34% | 1.77% | 0.29% | 0.12% | -0.06% | 0.66% | -0.61% |
| Apr |
1.17% | 1.48% | 1.30% | -1.30% | -0.17% | 1.39% | 0.06% | 0.41% |
| May |
1.75%§ | 2.42% | -0.05% | 1.22% | 0.14% | 1.89% | -0.07% | 1.69% |
| Jun |
-0.99%† | 0.60% | 0.38% | 0.86% | 0.23% | 0.46% | -1.00% | -0.78% |
| Jul |
- | 1.11% | 0.60% | 1.32% | -0.54% | 0.82% | -1.83% | 0.98% |
| Aug |
- | 0.04% | 0.63% | 0.69% | 0.10% | 0.32% | 0.55% | 0.87% |
| Sep |
- | 1.31% | 0.74% | 0.41% | 0.22% | 0.58% | -0.17% | -2.65% |
| Oct |
- | 2.31% | 1.55% | -1.29% | 0.97% | 1.03% | 0.40% | 0.83% |
| Nov |
- | -1.53% | 1.08% | 0.75% | 1.51% | 0.43% | 0.09% | 0.24% |
| Dec |
- | 0.18% | 1.40% | 1.53% | 1.22% | 0.92% | 0.67% | 0.67% |
| YTD |
1.21%* | 13.96% | 14.06% | 5.38% | 5.20% | 8.45% | -0.10% | 3.11% |
|
|
†Estimated performance for June 2008 calculated with reported data from 22 funds.
§Estimated performance for May 2008 calculated with reported data from 33 funds.
*All estimates and 2008 YTD amounts are calculated with reported data as of July-20-2008 18:34 US CST.
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