Sat, Oct 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Greenwich Composite Investable Index shed 0.58% in November (+1.28% YTD)

Tuesday, December 21, 2010
0palesque Industry Update – The Greenwich Composite Investable Index shed 0.58% in November, a month defined by volatile trading in equities and fixed income. Two of nine Greenwich Investable Indices moved higher on the month, with most strategies exhibiting slight losses.

The Greenwich Arbitrage Investable Index was the best performer for the month, gaining 0.88%, putting its year-to-date return at nearly 10%. The Greenwich Event-Driven Investable Index also advanced, netting 0.35% as positions in special situations and distressed assets performed better than blue chip equities. Laggards on the month included Futures managers as trend-following strategies experienced a reversal of fortune. Year-to-date, Arbitrage, Event-Driven, and Long-Short Credit strategies still lead other Investable Indices, all with net returns above 7%.

“The upswing in equities following the Fed’s announcement of quantitative easing was short-lived as markets spent the rest of the month consolidating their gains and trading downward. Hedge funds showed mixed results as managers prepared for what many expect to be a seasonal upswing in December,” noted Clint Binkley, Senior Vice President. “Overall, funds that trade in fixed-income securities appear to be having a more favorable year than equity-based managers. Even though there is talk of inflated asset prices in bonds, managers are optimistic about prospects heading into 2011. ”

(press release)

Full report available: Source

kb

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 Exclusive: BlackRock taps Artivest for alternative investment platform partnership[more]

    Bailey McCann, Opalesque New York: BlackRock will be working with New York-based Artivest to provide a platform for broader distribution of BlackRock alternatives funds. Artivest is a technology-driven alternative investment platform that also offers brokerage services. BlackRock has approximatel

  2. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  3. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  4. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  5. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to