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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
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 |
Industry Updates
Greenwich Global Hedge Fund Index up +0.7% in July (+1.2% YTD)
Tuesday, August 09, 2011
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