Thu, Jul 28, 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 rises +2.35% (est.) in September (6.07% YTD)

Monday, October 07, 2013
Opalesque Industry Update - Strong equity markets helped raise the Greenwich Global Hedge Fund Index +2.35% in September 2013 according to initial estimates. Over the course of the month, the markets saw the S&P 500 (+3.14%) hit a new high followed by a decline due mainly to US budget concerns. 78% of constituent funds reported positive returns for September and all strategies returned gains for the month.

Long-Short Equity was the leading strategy in September, outperforming the S&P 500 with average gains of +3.48%. Year to date, Long-Short Equity (+10.08%) is to being the top performing strategy of 2013, just behind Event-Driven (+10.17%). Event-Driven funds also had a strong September, up +2.48% on average.

Seven of the eight major hedge fund strategies ended the third quarter of 2013 firmly in positive territory. Futures funds continued to struggle adding a modest 0.55% on average in September to bring their year-to-date return to -2.36%.

 

 

 

Strategy Index Flash Returns

September

August

YTD

Greenwich Global Hedge Fund Index

2.35%

-0.61%

6.07%

Equity Market Neutral

1.51%

-0.44%

3.15%

Event-Driven

2.48%

-0.23%

10.17%

Arbitrage

1.73%

-0.23%

5.50%

Long-Short Equity

3.48%

-0.88%

10.08%

Futures

0.55%

-0.41%

-2.36%

Macro

1.24%

-0.98%

2.85%

Long-Short Credit

2.23%

0.01%

4.60%

Multi-Strategy

1.93%

-0.61%

4.15%


The Greenwich Global Hedge Fund Index is one of the oldest benchmarks of the hedge fund universe. Full Strategy and Regional results for September will be available in mid-October, once additional funds have submitted returns. Final Index results will be available on the third business day in November. Past performance and index construction rules for all Greenwich Hedge Fund Indices may be viewed at www.greenwichai.com.

Press release

About Greenwich Alternative Investments
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.

Bg

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 Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe