Opalesque Industry Update - Hedge funds as measured by the
Greenwich Global Hedge Fund Index (“GGHFI”) posted strong results in
January, led by Long-Short Equity funds. The GGHFI gained 2.31% compared
to global equity returns in the S&P 500 Total Return (+4.48%), MSCI World
Equity (+4.93%), and FTSE 100 (+1.96%) equity indices. 77% of constituent
funds in the GGHFI ended the month with gains.|
“US equities rallied significantly to begin 2012 and Long-Short managers are the best performers thus far. Hedge funds focused on Market Neutral strategies were also surprisingly strong as both Arbitrage and Event-Driven managers posted their best results in months. Despite investors being drawn into risk-on sectors of the market, most funds remain cautious with the economic situation in Europe still unresolved,” notes Clint Binkley, Senior Vice President.
Hedge Fund Strategy Highlights
• Event-Driven funds also up sharply, advancing 2.71% on strength in Distressed funds
• Futures and Macro funds lag other strategies, gaining 0.32% and 0.50%, respectively
• Emerging Market funds outperform Developed Market funds by a wide margin; Latin America/Brazil funds are the best performers in January
The GGHFI is one of the oldest benchmarks of the hedge fund universe.
Finalized Strategy and Regional index results for January will be available in early March, 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.
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