Fri, Sep 4, 2015
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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  3. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  4. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  5. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

 

banner