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Event-driven managers lead investable hedge fund strategies in March

Tuesday, April 26, 2011
Opalesque Industry Update - Results were mixed among the Greenwich Investable strategies in March in the context of volatile market moves. The monthly redemption Composite Index advanced by 33 basis points while the quarterly exit Index shed 0.17%. Four of Nine Greenwich Investable Indices moved higher for the month, led by Market Neutral strategies. The Greenwich Long-Short Equity Investable Index also advanced by 0.11%, slightly outperforming the 4 basis point advance in the S&P 500 Total Return Index. On the downside, Managed Futures funds lost the most ground, falling 3.15%.

“Trend-following strategies were the most affected in March as a result of the sharp mid-month reversal in the market. Directional strategies lag most Market Neutral funds due to the volatility traders have seen in the first quarter of 2011. Going forward, we expect Event-Driven funds and Arbitrage strategies to continue to benefit from the opportunities the market is creating,” said Clint Binkley, Senior Vice President.

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 March will be available Mid-May, 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 website: Source

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