Industry Updates

Greenwich investable indices superior to benchmarks in May

Friday, June 24, 2011

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Opalesque Industry Update - Results were mixed among strategies for the Greenwich Investable Indices in May as markets came off their highs for the year. The monthly redemption Composite Index shed 0.95% while the quarterly exit Index lost 0.99%. Long-Short Credit was the best performing index during the month, climbing 32 basis points. Market Neutral strategies were also unaffected by market volatility as the Arbitrage and Equity Market Neutral Indices were essentially flat. The Greenwich Long-Short Equity Investable Index also fell by a modest 0.56% compared to a 1.13% and 2.45% decline in the S&P 500 Total Return and MSCI World Equity Indices, respectively.

“Notwithstanding weakness in some Directional strategies, most hedge fund managers ended May near their highs for the year. We expect managers that actively manage their risk to outperform for the remainder of the year. Most Long-Short Equity funds remain cautious as markets navigate uncertainty in Europe and doubts about global growth,” 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 May will be available Mid-July, 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 www.greenwichai.com.

(press release)

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...Corporate website: Source
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