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Industry Updates

Greenwich Global Hedge Fund Index up 0.97% (est.) in April (+4.54% YTD)

Monday, May 06, 2013
Opalesque Industry Update - Hedge funds continued to improve through April 2013, adding +0.97% during the month on average, and bringing the Greenwich Global Hedge Fund Index YTD performance up to +4.54%. All primary strategies reported gains for April.

Macro managers are the top performers for April according to initial results, adding an average +2.68% during the month

Event Driven managers added an average +1.91% in April, and are now up 6.10% YTD. This strategy has now surpassed Long-Short Equity as the leading strategy for 2013.

Long-Short Equity struggled the most during April, adding a modest 0.17% on average. Individual results were mixed and highly dispersed, with 58% of managers reporting gains. Many managers may have reduced exposure in anticipation of the annual May 1 sell off and going into the quieter summer trading period.

Greenwich Hedge Fund Index Performance at a Glance

 

Total Return

 

 

 

Apr13

Mar13

YTD

3Mo

1Year

 

 

 

 

 

Greenwich Global Hedge Fund Index

0.97%

0.87%

4.54%

2.06%

6.83%

 

 

 

 

Equity Market Neutral

0.78%

0.45%

3.02%

1.94%

3.94%

 

 

 

 

Event-Driven

1.91%

1.28%

6.10%

3.42%

11.28%

 

 

 

 

Arbitrage

1.04%

1.15%

4.20%

2.84%

9.45%

 

 

 

 

Long/Short Equity

0.17%

1.04%

5.37%

1.78%

7.58%

 

 

 

 

Futures

1.81%

0.52%

2.54%

1.39%

0.20%

 

 

 

 

Macro

2.68%

0.72%

5.36%

3.42%

7.87%

 

 

 

 

Long/Short Credit

1.42%

0.42%

3.58%

2.06%

11.14%

 

 

 

 

Multi-Strategy

1.08%

0.71%

3.94%

2.09%

6.25%

 

 

 

 

 

Barclays Aggregate Bond Index

1.01%

0.08%

0.89%

1.60%

3.68%

 

 

 

 

S&P 500

1.93%

3.75%

12.74%

7.18%

16.89%

 

 

 

 

MSCI World Equity Index

2.90%

2.09%

10.28%

5.03%

14.08%

 

 

 

 

FTSE 100

0.29%

0.80%

9.03%

2.44%

12.07%

 

 

 

 

* The table contains initial estimates. Firm estimates for all indices will be published mid-month. The GGHFI current month return will be finalized on the third business day of June.

Greenwich Alternative Investments, LLC (and its affiliates) manages one of the world’s largest hedge fund databases and is among the oldest providers of hedge fund indices, asset management services, and research to institutional investors worldwide. www.greenwichai.com

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