Mon, Jun 27, 2016
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 2.45% in January

Wednesday, February 20, 2013
Opalesque Industry Update - Hedge funds began 2013 with clearly positive results, returning an average of +2.45% in January. 80% of the Greenwich Global Hedge Fund Index constituents posted positive returns in January. Even so, many hedge fund managers seem to be maintaining caution going into 2013 as several issues remain unsettled, namely the European sovereign debt crisis, the US debt ceiling and continued unrest in the Middle East and Asia. The GGHFI average trailed strong January returns in the S&P 500 (+5.18%) and MSCI World (+5.00%) equity indices.

Global Index Strategy Highlights

  • The Long-Short Equity Group outperformed all other hedge fund strategies in January, up an average of +3.66%. The Growth strategy posted a particularly strong start to 2013, up +3.93%, though Opportunistic (+3.50%) and Value (+3.37%) strategies were not far behind. Short-Biased managers continued to struggle against the uptrend, losing -5.64%.

  • Event-Driven strategies were the runners up in January averaging +2.28%. Merger Arbitrage was the only negative performer in the group (-0.89%) due to limited M&A activity. Distressed Securities strategies were up +2.85% and Diversified Event-Driven similarly were up +2.81%.

  • On a regional basis, managers investing in Asian markets were the top performers in January, whether they were focused on Developed (+4.04%) or Emerging (+4.08%) regions. This robust performance is particularly impressive in the face of expectations of slower economic growth for some of the region’s major economies in 2013 and a downwardly spiraling Japanese Yen.

  • Overall, Emerging Market strategies (+3.92%) outperformed Developed Market strategies (+2.35%) in January. The Emerging Europe region led the way, up +4.67%.

Press release

bc

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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider