Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Greenwich Global Hedge Fund Index up +0.25% in March, +2.29% in Q1

Tuesday, April 25, 2017
Opalesque Industry Update - Hedge fund performance was mostly positive in March, reporting a gain for the fifth consecutive month. The Greenwich Global Hedge Fund Index was up +0.25% and closed out the first quarter up +2.29%.

Volatility in US equity markets provided some trading opportunities but the S&P 500 ended the month close to flat. International equities were mixed, with the MSCI World Index up +0.82% while the Nikkei 225 lost -1.10%. Bonds were down a moderate -0.05%, as represented by the Barclays Aggregate Bond Index.

Global Index Strategy Highlights

• The Long-Short Equity Group was the best performing index in March and in Q1, up +1.03% and +4.15%, respectively. Expectedly, Growth funds boast the best Q1 performance, up +5.51%.

• Funds with a regional focus continued their strong starts to the year, particularly Asia. Asia Developed Markets and Asia Emerging Markets were up +1.70% and +2.46%, respectively, topping all other Greenwich Indices in March.

• Several indices reported their first down months in over a year, including Distressed Securities (down -0.93%) and Convertible Arbitrage (down -0.15%).

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1