Thu, Apr 24, 2014
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 0.5% (est.) in February, 2.8% YTD

Friday, March 15, 2013
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

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
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. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  4. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  5. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac