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Greenwich indices show hedge funds off to strong start in January

Thursday, February 09, 2012
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
• Long-Short Equity funds lead all other strategies, gaining 3.91%, led by Growth funds

• 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.

(press release)

About Greenwich Alternative Investments
Greenwich Alternative Investments, LLC (and its affiliates) manages one of the world’s largest hedge fund databases and is among the oldest providers of hedge fund indices, asset management services, and research to institutional investors worldwide. Full press release and performance table: Source
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