Fri, May 26, 2017
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. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  2. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  3. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  4. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  5. J.P. Morgan Asset Management launches ultra-short income ETF[more]

    Komfie Manalo, Opalesque Asia: J.P. Morgan Asset Management, the $1.5tln investment management arm of JPMorgan Chase & Co., has launched the JPMorgan Ultra-Short Income ETF (JPST), an actively managed ETF that seeks to provide current incom