Sat, Jun 25, 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 0.29% in August

Friday, October 01, 2010
Opalesque Industry Update - The Greenwich Composite Investable Index gained 0.29% in August in tumultuous market conditions, with returns from Arbitrage and Futures managers contributing the most to performance. 6 of 9 Greenwich Investable Indices moved higher on the month, as some strategy groups turned in their best performance so far this year.

The Greenwich Investable Futures Index was the best performer for the month, gaining 3.56% as trend-following strategies capitalized on moves in fixed income and commodities. The Greenwich Investable Arbitrage Index posted the second best results, advancing 1.86%. The Greenwich Long-Short Equity Investable Index declined by 28 basis points, a relatively strong performance given the monthly declines of 4.74% and 3.93% for the S&P 500 Total Return Index and MSCI World Equity Index.

Year-to-date, Fixed Income strategies still lead other Investable Indices, with Event-Driven, Long-Short Credit, and Arbitrage Investable Indices netting gains of 5.88%, 4.91%, and 6.71%, respectively.

“August was an excellent month for hedge funds across nearly every strategy. Long-Short Equity managers who remained skeptical of the market success maintained low net exposures and were quick to hedge market risk. As a result, while equity indices gave back the majority of the returns seen in July, Long-Short funds surrendered only a fraction of their previous gains.” noted Clint Binkley, Senior Vice President. “Other strategies saw outsized gains that were among their best results so far in 2010. Futures and Arbitrage managers, in particular found success through trend-following models and opportunities in the fixed income space.”

Website & performance table: Source

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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider