Fri, Feb 24, 2017
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. People - Kuwait wealth fund head Al Saad said to step down after 14 years[more]

    From Bloomberg.com: Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world's fifth-largest sovereign wealth fund for 14 years, a person familiar with the matter said. The KIA, as the fund is known, is finalizing the appointment, said

  2. Investing - Hedge funds loading up on this dividend stock, The biggest hedge funds have been piling into bank stocks[more]

    Hedge funds loading up on this dividend stock From Incomeinvestors.com: Hedge funds are backing up the truck on Cameco Corp stock. Billionaire Jim Simons owns 389,000 shares. Other Wall Street titans - including Ray Dalio, Ken Griffin, and Chuck Royce - have been quietly building positio

  3. Legal - Fannie, Freddie shares dive after U.S. appeals court ruling[more]

    From Reuters.com: Shares of Fannie Mae and Freddie Mac tumbled more than 30 percent on Tuesday after a U.S. appeals court shut down efforts by hedge funds and other investors to pursue numerous legal claims accusing the U.S. government of seizing their profits following taxpayer bailouts. By a

  4. Institutional investors plan to raise allocations to alternative assets in 2017[more]

    Komfie Manalo, Opalesque Asia: A survey by Context Summits Miami showed that nearly 72% of institutional investors and family offices plan to raise their allocations to alternative asset managers this year, suggesting continued strong demand for the industry. "As many large, brand name f

  5. Comment - Mortgages, mergers and hedge fund fees, Fairholme's Berkowitz responds to court ruling against hedge fund suits of Fannie Mae[more]

    Mortgages, mergers and hedge fund fees From Bloomberg.com: Yesterday the U.S. Court of Appeals for the D.C. Circuit handed down an odd decision in a lawsuit over the government's nationalization of Fannie Mae and Freddie Mac. The key issue is what's called the "Third Amendment," the 2012