Fri, Apr 18, 2014
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   |   
Banner
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. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  4. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo

  5. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an