Fri, Sep 19, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Greenwich Global Hedge Fund Index loses ground in May -1.20%

Thursday, June 09, 2011
Opalesque Industry Update - Hedge funds showed pockets of strength in May, but overall lost ground reports the Greenwich Global Hedge Fund Index (“GGHFI”). The GGHFI shed 1.20% compared to global equity returns in the S&P 500 Total Return (-1.13%), MSCI World Equity (-2.45%), and FTSE 100 (-0.89%) equity indices. 36% of constituent funds in the GGHFI ended the month with gains.

“Market Neutral strategies demonstrated their worth in May,” notes Clint Binkley, Senior Vice President. “Economic uncertainty took its toll on equity markets and Directional strategies in general during the month but managers that were less beta sensitive came out ahead. We expect a growing number of funds to decrease their net exposure as a result of recent volatility.”

Hedge Fund Strategy Highlights

  • Long-Short Credit and Arbitrage funds post best returns on the month
  • Long-Short Equity funds decline less than 1%

  • Managed Futures funds suffer from equity and commodity retreat, fall 3.25%

  • Long-Short Credit and Distressed Securities funds lead hedge funds on year-to-date basis, up 5.03% and 4.24%, respectively

  • Developed Market funds less impacted from global sell off than Emerging Market funds; the Greenwich Composite Regional indices fall by 1.18% and 1.99%, respectively

(press release)

The GGHFI is one of the oldest benchmarks of the hedge fund universe. Final Strategy and Regional index results for May will be available in early July, 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.

Full performance tables: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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali