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Greenwich Global Hedge Fund Index down 1.30% in June, +0.40% YTD

Monday, July 11, 2011
Opalesque Industry Update - Hedge funds as measured by the Greenwich Global Hedge Fund Index (“GGHFI”) navigated volatile markets to finish the month with a slight loss. The GGHFI shed 1.32% compared to global equity returns in the S&P 500 Total Return (-1.67%), MSCI World Equity (-1.73%), and FTSE 100 (-0.74%) equity indices. 28% of constituent funds in the GGHFI ended the month with gains.

Hedge Fund Strategy Highlights

  • Short-Biased and Fixed Income Arbitrage Funds post positive results for the month
  • Long-Short Equity managers decline 1.06%, less than equity benchmarks
  • Managed Futures funds slide 2.39% on intra-month selloff in equities and commodities
  • Long-Short Credit and Fixed Income Arbitrage funds lead hedge funds on year-to-date basis, up 4.62% and 4.12%, respectively
  • Emerging market funds decline marginally more than Developed Market managers; US/Canada funds are clear winners for the year, up nearly 3%

Greenwich Hedge Fund Index Performance at a Glance  

Jun11 YTD



Greenwich Strategy Group Indices
Greenwich Global Hedge Fund Index -1.30% 0.40%
Market Neutral Group -0.80% 1.70%
Equity Market Neutral -0.90% -0.10%
Event-Driven -1.20% 2.40%
Distressed Securities -0.60% 3.20%
Merger Arbitrage -0.10% 2.60%
Special Situations -2.10% 1.40%
Arbitrage -0.30% 1.50%
Convertible Arbitrage -0.70% 2.00%
Fixed Income Arbitrage 0.10% 4.10%
Other Arbitrage -1.20% -2.10%
Long/Short Equity Group -1.10% 1.10%
Growth -1.50% 1.20%
Opportunistic -1.00% 0.50%
Short-Biased 3.70% 0.10%
Value -1.00% 1.30%
Directional Trading Group -2.00% -2.60%
Futures -2.40% -3.20%
Macro -1.10% -1.30%
Specialty Strategies Group -1.20% 1.60%
Long/Short Credit -0.30% 4.60%
Multi-Strategy -1.70% -0.30%






Greenwich Regional Indices
Developed Markets Composite Index -1.30% 0.70%
Global -1.70% -0.80%
Asia -0.20% -0.80%
Europe -1.00% -0.20%
Americas -0.90% 2.90%
Emerging Markets Composite Index -1.40% -1.00%
Global -1.30% 1.00%
Asia -1.70% -2.70%
Europe -1.40% -0.30%
Americas -0.90% 0.10%






Comparative Benchmarks
Barclays Aggregate Bond Index -0.30% 2.70%
S&P 500 -1.70% 6.00%
MSCI World Equity Index -1.70% 4.00%
FTSE 100 -0.70% 0.80%

Corporate website: Source

- FG

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