Opalesque Industry Update - Hedge funds as measured by the
Greenwich Global Hedge Fund Index posted strong results in
October, benefitting from a rebound in equity prices during the month. The
GGHFI gained 2.27% compared to global equity returns in the S&P 500 Total
Return (+10.93%), MSCI World Equity (+10.26%), and FTSE 100 (+8.10%) equity
indices. 67% of constituent funds in the GGHFI ended the month with
gains. “Concerns over Europe began to lift in October and hedge funds were able to benefit from the rise in equity prices. Long-Short managers performed well given their cautious stance entering the month,” notes Clint Binkley, Senior Vice President. “Emerging Market funds also participated and are poised to outperform their developed market counterparts given a continued recovery in the market.” Hedge Fund Strategy Highlights
• Long-Short Equity funds lead hedge fund strategies, advancing 5.32% on
average The GGHFI is one of the oldest benchmarks of the hedge fund universe. Final Strategy and Regional index results for October will be available in early December, 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 PD |
Industry Updates
Greenwich Global Hedge Fund Index up +2.27% in October (-3.2% YTD)
Wednesday, November 09, 2011
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