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Hedge funds deliver broad-based gains in February

Wednesday, March 09, 2011
Hedge funds as measured by the Greenwich Global Hedge Fund Index (“GGHFI”) gained across every major strategy in February. The GGHFI gained 1.28% compared to global equity returns in the S&P 500 Total Return +3.43%, MSCI World Equity +3.33%, and FTSE 100 +2.24% equity indices. 75% of constituent funds in the GGHFI ended the month with gains.

“Hedge funds were led by directional strategies in February given the rise in equities and surging commodity prices,” notes Clint Binkley, Senior Vice President. “Tension in the Middle East is being overshadowed by strong corporate earnings and continued economic recovery which is reflected in the results of funds investing in developed markets.”

Hedge Fund Strategy Highlights

  • Long-Short Equity funds gain 1.19% and increase net exposure Futures rebound 1.89% to lead Directional Strategies
  • Macro managers continue to lag Global Hedge Fund index
  • Distressed Securities funds lead all hedge fund strategies in February and year-to-date
  • Developed Market funds outpace Emerging Market managers by nearly 2% on average

The GGHFI is one of the oldest benchmarks of the hedge fund universe. Final Strategy and Regional index results for February will be available in early April, once additional funds have submitted returns. Past performance and indices construction rules for all Greenwich Hedge Fund Indices may be viewed at www.greenwichai.com. About Greenwich Alternative Investments Greenwich Alternative Investments, LLC (and its affiliates) is a leading alternative investment firm providing hedge fund indices, industry research, and index-linked products and services to institutional investors worldwide...Full performance table: Source
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