Industry Updates

Greenwich Global Hedge Fund Index up 0.5% (est.) in February, 2.8% YTD

Friday, March 15, 2013

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Opalesque Industry Update – Modest performance in global markets in February 2013 was reflected in hedge funds with the Greenwich Global Hedge Fund Index increasing on average +0.33%.

Just over 50% of reporting managers reported positive gains in February. As a group Long-Short Equity managers performed the best, up +0.71% in February. Equity markets as measured by the S&P 500 TR and FTSE 100 gained only slightly more than hedge funds, up +1.36% and +1.34% respectively.

Global Index Strategy Highlights

• Hedge fund managers remained conservative in February, gaining a modest +0.33% on average, as moderately positive economic indicators failed to generate much enthusiasm. The February gain brings the GGHFI year to date return up to +2.77% for 2013.
• The Long-Short Equity Group continues to outperform other strategies in 2013 gaining +0.71% on average in February. Value managers performed the best out of the group gaining +1.23% during the month. Growth managers followed, up +0.62% in February. Opportunistic managers surprisingly lost ground in February, losing on average -0.22% over the course of the month.
• Directional Trading Group managers also struggled in February losing on average -0.61%. Macro managers slipped a modest -0.26% during the month. Futures managers continue to be challenged by a very tough environment, losing an average -0.73% in February.
• On a regional basis, managers investing in Developed Asian markets (+1.34%) were the top performers for the second month in a row, closely followed by Western European funds (+1.04%). All Developed Markets regions return positive results on average in February.
• Emerging Markets regions were a bit more mixed. Most notably, Emerging Markets Europe funds suffered a loss of -2.39% on average as the MSCI Russia Index fell by -5.6%.

Press release

www.greenwichai.com

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