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Greenwich Global Hedge Fund Index shed -0.21% in March (+4.4% YTD)

Tuesday, April 24, 2012
Opalesque Industry Update - The Greenwich Global Hedge Fund Index (“GGHFI”) shed 0.21% compared to global equity returns of +3.29% for the S&P 500 Total Return index and +1.02% for the MSCI World Equity index. Hedge fund managers were given the chance to highlight their abilities in March, as bifurcated markets produced divergent results among strategies. Although 53% of constituent funds in the GGHFI ended the month with gains, the GGHFI declined marginally as Short-biased, Futures and Macro strategies produced negative returns.

“March was an interesting month for hedge funds as several strategies saw wide dispersions of returns across managers. Long-Short Equity funds with overweight positions in technology stocks performed exceptionally well while others that expected more of a market correction lagged their benchmarks. Market Neutral funds continued to demonstrate their performance and diversification benefits; both Event-Driven and Arbitrage focused managers gained for the third straight month this year. The Greenwich Investable Indices also enjoyed a successful March, with the Composite and Long-Short Indices outpacing their Global Index benchmarks,” notes Clint Binkley, Senior Vice President...Full performance table: Source
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