Mon, Sep 1, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Greenwich Composite Investable Index gains 1.21% in October, 1.67% YTD

Thursday, November 25, 2010
Opalesque Industry Update - The Greenwich Composite Investable Index gained 1.21% in October as equity markets continued their push higher on solid corporate earnings and anticipation of quantitative easing. All of the Greenwich Investable Indices moved higher on the month, with funds focusing on directional trading strategies exhibiting the best results. The Greenwich Futures Investable Index was the best performer for the month, gaining 2.73%, putting its year-to-date return at over 6%. The Greenwich Long-Short Investable Index advanced likewise, netting 1.22% as managers increased long positions. Laggards on the month were more market neutral strategies, such as Arbitrage and Equity Market Neutral funds, as each respective Investable Index gained 0.38% and 0.42%. Year-to-date, funds specializing in Long-Short Credit strategies still lead other Investable Indices, with a net return of 7.69%

“The rally in equities and commodities gained steam in October as benchmarks neared their highs on the year. Hedge funds as a whole showed excellent returns with all strategy groups gaining ground,” noted Clint Binkley, Senior Vice President. “In a one-sided market such as this, we expect directional strategies in the hedge fund space to outperform other areas, which was the end result in October. We expect to see increased volatility heading into year-end; most managers anticipate some sort of correction in the short to medium term. ”

The Greenwich Investable Hedge Fund Indices are specifically designed to represent the returns of the hedge fund universe. They are comprehensive in design and cover a wide spectrum of hedge fund strategies, providing investors with innovative and efficient access to hedge fund beta. Final index results for October will be available Mid-December, once all managers have submitted final returns. The indices reference actual hedge fund vehicles as opposed to separately managed accounts or other methods used in an attempt to replicate the returns of hedge fund vehicles. The Indices are reported monthly net of a 0.083% per period index calculation fee. Past performance and index construction rules for all Greenwich Hedge Fund Indices may be viewed at www.greenwichai.com.

(press release)

About Greenwich Alternative Investments
Greenwich Alternative Investments, LLC (and its affiliates) manages one of the world’s largest hedge fund databases and is among the oldest providers of hedge fund indices, asset management services, and research to institutional investors worldwide...Full performance table: Source
KM

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest