Fri, Jul 31, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Greenwich Global Hedge Fund Index up +0.7% in July (+1.2% YTD)

Tuesday, August 09, 2011
Opalesque Industry Update - Hedge funds as measured by the Greenwich Global Hedge Fund Index (“GGHFI”) posted mixed results among strategies but generally finished the month with gains. The GGHFI advanced 0.67% compared to global equity returns in the S&P 500 Total Return (-2.03%), MSCI World Equity (-1.89%), and FTSE 100 (-2.20%) equity indices. 56% of constituent funds in the GGHFI ended the month with gains.

“Hedge funds turned in an excellent month of relative performance when compared to equity and fixed income benchmarks,” notes Clint Binkley, Senior Vice President. “Results from Long-Short Equity and Directional Trading managers show that funds were prepared for market declines. We continue to expect hedge funds to outperform long only strategies in this volatile market environment.”

Hedge Fund Strategy Highlights

  • Managed Futures and Global Macro funds lead hedge fund strategies, gaining 3.04% and 2.19%, respectively
  • Long-Short Equity managers decline 28 basis points, a fraction of global equity index moves
  • Market Neutral funds fall marginally, declining 0.23%
  • Developed market funds slightly outperform Emerging Market managers; Developed North America remains the winner for the year, up 2.5%

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

(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...Full performance table: Source
km

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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge funds, seeing opportunity, invest in struggling hotels in Puerto Rico[more]

    From NYTimes.com: Puerto Rico’s tourism industry has fallen victim to the island’s struggling economy, hit by one misfortune after another. In March, the San Juan Beach Hotel filed for bankruptcy. This week, the Condado Plaza Hilton was forced to close its casino. But nearly two thousand miles away,

  3. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

 

banner