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Greenwich Global Hedge Fund Index sheds -0.15% in December (-4.3% in 2011)

Wednesday, January 11, 2012
Opalesque Industry Update - Hedge funds as measured by the Greenwich Global Hedge Fund Index (“GGHFI”) posted mixed results in December as Market Neutral funds averaged the best results for the month. The GGHFI shed 0.15% compared to global equity returns in the S&P 500 Total Return (+1.02%), MSCI World Equity (-0.17%), and FTSE 100 (+1.21%) equity indices. 51% of constituent funds in the GGHFI ended the month with gains.

“US equities ended 2011 essentially unchanged, but endured significant volatility throughout the year. Hedge funds focused on market neutral strategies were above average performers for the month and the year as they were able to withstand the market uncertainty. Looking forward, we expect Directional and Long-Short strategies to have better performance as the global economy continues to stabilize,” notes Clint Binkley, Senior Vice President.

Hedge Fund Strategy Highlights

Event Driven funds lead hedge fund strategies, advancing 0.91% on average
Long-Short Equity funds trail other averages, falling 0.70%
Long-Short Credit funds are the best performers on the year, gaining more than 4%
Developed market funds show substantially better returns than Emerging market managers on a monthly and yearly basis;
Asia is the weakest region for the year.

(press release)

Full performance table: : Source
PD

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