Sat, Apr 21, 2018
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its