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Greenwich Global Hedge Fund Index gains 2.18% in February (4.7% YTD), lead by long/short equity funds

Friday, March 09, 2012
Opalesque Industry Update – Hedge funds as measured by the Greenwich Global Hedge Fund Index (“GGHFI”) advanced for the second month in 2012, driven by strong equity markets. The GGHFI gained 2.18% compared to global equity returns in the S&P 500 Total Return (+4.32%), MSCI World Equity (+4.66%), and FTSE 100 (+3.34%) equity indices. 82% of constituent funds in the GGHFI ended the month with gains.

“Hedge funds turned in another month of gains across all major strategies,” notes Clint Binkley, Senior Vice President. “Results from Long-Short Equity funds show that managers are increasing net exposures as they become more confident about economic conditions. Although some managers continue to expect a market correction, most believe it will be mild as institutional investors are still waiting for opportunities to add to their positions.”

Hedge Fund Strategy Highlights

• Long-Short Equity funds lead all strategies, gaining 3.18%. Growth funds outperform Value strategies, earning 3.83 and 3.40%, respectively
• Market Neutral funds gain 1.64%, led by Event-Driven managers
• Emerging market funds outperform Developed Market managers; Composite Regional Indices gain 4.66% and 1.79%, respectively

(press release)

Full performance table:


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