Mon, May 29, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Greenwich Global Hedge Fund Index up +0.99% in September (+4.6% YTD)

Friday, October 12, 2012
Opalesque Industry Update - Hedge fund managers mostly reported gains in September, with the Greenwich Global Hedge Fund Index up +0.99% for the month. September strategy returns are very similar to the August results, most strategies reported positive September returns, with the lingering exception of Managed Futures funds (-0.82%). The GGHFI’s gain of +0.99% lags global equity returns in the S&P 500 Total Return (+2.58%), and MSCI World Equity (+2.52%) equity indices. 68% of constituent funds in the GGHFI ended the month with gains.

Global Index Strategy Highlights:

  • Central Bank announcements in the US and EU again led equity markets higher in September. On average, Long/Short Equity funds reported their best month since February (+2.02%), making them the best performing group in September. In a reversal of the previous two months' trend, Growth funds (+2.60%) outperformed both Value (+2.07%) and Opportunistic funds (+1.73%). Short-Biased funds reported another month of weak results (-4.61%), still poorly positioned to perform in this bullish environment.
  • Event-Driven strategies reported another strong month (+1.45%). Distressed Securities managers performed particularly well, gaining +2.24%.
  • Long-Short Credit managers continued their streak as the best performing strategy year to date. Their September return of +1.06% brings them to a YTD result of +8.59%. On a 3 year annualized basis, these funds also lead the pack, with an average return of +9.93%.
  • Funds focused on Managed Futures reported another negative return in September (-0.82%) after returning disappointing results in August (-0.35%). Many managers struggled against declining commodity markets.
  • Regionally, funds investing in Emerging Markets (+3.43%) strongly outperformed those investing in Developed Markets (+0.76%) on average in September. Despite declining equity markets in China, managers investing in Emerging Asia returned the strongest results on a regional basis, gaining +4.54%. In the developed markets, North American focused funds led the way, gaining +1.55% on average. They were closely followed by Developed Asian funds (+1.53%).

Full press release and performance table: Source

fg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  2. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  3. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  4. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  5. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the