Wed, Feb 10, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Greenwich Composite Investable Index gained 0.74% in July (-0.79% YTD), indices advance on strong L/S equity performance

Friday, August 27, 2010
Opalesque Industry Update – The Greenwich Composite Investable Index gained 0.74% during July as higher than expected corporate earnings pushed equity markets higher.

7 of 9 Greenwich Investable Indices moved higher on the month, with results mixed across strategies.

The Greenwich Investable Long-Short Equity Index was the best performer for the month, gaining 1.63%. The Greenwich Investable Arbitrage Index posted the second best results, advancing 1.10%.

Laggards on the month were Futures and Equity Market Neutral Managers as those Investable Indices lost 9 and 17 basis points on the month, respectively.

Year-to-date, Fixed Income strategies still lead other Investable Indices, with Event-Driven, Long-Short Credit, and Arbitrage Indices netting returns of 6.13%, 4.02%, and 4.64%, respectively.

“The rally in equities during July caught many market participants off-guard. A large percentage of hedge fund managers had reduced net exposure going into the month in anticipation of weak corporate earnings and a follow-through to June’s sell-off.” noted Clint Binkley, Senior Vice President. "Fixed Income-based strategies continue to perform well and all of the Greenwich Investable Indices are ahead of the MSCI World Equity Index on a year-to-date basis. As markets continue to exhibit increased volatility, hedge funds should continue to outperform.”

Performance table: Source

For more in-depth commentary on hedge fund strategies in July, the Greenwich Hedge Fund Strategy and Market Review is attached.

It is also available at www.greenwichai.com


Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Opalesque Exclusive: Directors want to be considered trusted partners by new manager[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A hedge fund director provides her perspective on emerging hedge fund managers. She will happily work with those who have set themselves up for future growth, s