Wed, Jul 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Greenlight Capital hedge funds outperform main hedge fund indices in 2011

Tuesday, January 24, 2012

Greenlight Capital LP, Greenlight Qualified LP and Greenlight Capital Offshore returned 2.9%, 2.7% and 1.9% in 2011 respectively, according to an investor letter obtained by Opalesque. Greenlight Capital LP has returned 1,685% since inception in May 1996, or 20% annualised.

By comparison, the Morningstar MSCI Composite Hedge Fund Index ended the year down 2.7%.

"Never has so much work gone into making 2%," says the letter. "For all its ups and downs, dramatic headlines and extremely high daily volatility, the market ended the year just about where it started."

The firm found "very few places to make money". Its largest winner was a short on First Solar, the worst performer in the S&P500. Greenlight also invested in various CDSs on the European sovereign debt. The biggest loss came from, as in the previous year, bets on a weakening of the Yen.

The global environment is very complicated, comments New York-based Greenlight Capital. On the one hand, the Fed took a momentary break from quantitative easing and inflation in oil and food abated. On the other, Asia may be in worse shape than a year ago and could be a drag on the world economy in future. Finally, the European crisis is not getting any better, despite the announced meetings and solutions (which oftentimes won’t work) while the crisis deepens. "Lather. Ri......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge fund CQS favors structured credit, Direct lending funds' fading all-weather appeal, Funds hunt for cracks in most-prized US shopping malls[more]

    Hedge fund CQS favors structured credit From BArrons.com: A hedge fund manager that can invest across the investment landscape says in his latest semi annual report this week that he's finding opportunities in structured credit -- particularly the shorter term, floating rate kind. Exampl

  2. Launches - Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle, Jersey players institutionalize first regulated crypto-currency hedge fund[more]

    Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle From Coindesk.com: The operators of a regulated, Jersey-based bitcoin hedge fund have officially closed a new $5 million fund aimed at investing in cryptocurrency tokens and initial coin offerings (ICOs). Backed by fun

  3. SWFs - China Wealth fund backs TPG lender as part of U.S. property push[more]

    From Bloomberg.com: China Investment Corp., the sovereign wealth fund that controls $814 billion in assets, is betting on U.S. real estate by investing in a commercial real estate lender formed by the money management firm TPG. In conjunction with last week's initial public offering of TPG RE Financ

  4. Months to minutes: Enigma launch aims to boost crypto hedge fund creation[more]

    From Coindesk.com: What if starting a hedge fund was as easy as downloading an API? A startup incubated at MIT Media Lab is today revealing a product designed with this ease-of-use in mind. Called Catalyst, the first product offering by blockchain startup Enigma aims to trigger nothing short of an e

  5. Seward & Kissel launches new compliance service[more]

    Bailey McCann, Opalesque New York: The law firm that formed the first hedge fund - Seward & Kissel - has launched a new compliance service for asset managers. Seward & Kissel Regulatory Compliance, or SKRC, offers full-scale regulatory compliance consulting solutions provided by the firm's attor