Opalesque Industry Update - All Greenwich Investable Hedge Fund
Indices produced positive results in January, driven by strong market moves
in global equities. The monthly and quarterly redemption Composite Indices
gained 1.60% and 1.57%, respectively, for the month. The Long-Short Equity
Index was the best performer, gaining 2.66%, followed by the Investable
Futures Index, which gained 1.49%. Market Neutral strategies also
produced their best results in months, with the Arbitrage and Equity Market
Neutral Index advancing 1.34% and 0.85%, respectively.|
“Risk-on was clearly the trade coming into 2012 as managers quickly adjusted their exposures to capture upside in the market. A growing belief that a European crisis may be averted helped draw investors into equities in January. As a result, directional strategies were the best performers for the month. As headline risk becomes less of a daily threat, we expect to see fundamentally driven hedge funds outperform in what is becoming a more opportunistic environment for stockpickers,” said Clint Binkley, Senior Vice President.
The Greenwich Investable Hedge Fund Indices are specifically designed to represent the returns of the hedge fund universe. They are comprehensive in design and cover a wide spectrum of hedge fund strategies, providing investors with innovative and efficient access to hedge fund beta. Finalized index results for January will be available late March, once all managers have submitted finalized returns. The indices reference actual hedge fund vehicles as opposed to separately managed accounts or other methods used in an attempt to replicate the returns of hedge fund vehicles. The Indices are reported monthly net of a 0.083% per period index calculation fee.
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