Mon, Apr 23, 2018
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its