Opalesque Industry Update - The Greenwich Investable strategies posted relatively favorable results in June, led once again by Market Neutral strategies. The monthly redemption Composite Index shed 88 basis points while the quarterly exit Index fell by 0.85%. Two of Nine Greenwich Investable Indices moved higher for the month while most of the remaining strategies declined by a fraction of relative benchmarks. The Greenwich Long-Short Equity Investable Index declined 0.55%, limiting the 1.67% loss on the benchmark S&P 500 Total Return Index. On the downside, Managed Futures funds lost the most ground, falling 3.94%.