Mon, May 29, 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 0.29% 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. 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. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the