Thu, May 5, 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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n