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Greenwich Alternative Investments launches new regional indices

Tuesday, February 23, 2010
Opalesque Industry Update - Greenwich Alternative Investments, a leading source of hedge fund industry data, today announced the addition of eight new regional hedge fund indices to complement its existing lineup of hedge fund strategy indices. The creation of these new offerings is a result of investor demand for increased granularity within the hedge fund space and an increasing number of funds focused exclusively on specific geographic regions.

“It is important to understand that the market dynamics of investing in certain geographic regions can have as great an impact on performance as investment strategy itself,” said Clint Binkley , Senior Vice President. “Investors are well served by measuring and examining the differences in performance on both a strategic and geographic basis.”

In the first month of the index calculation, hedge funds concentrating on European markets were the best performing managers in developed regions, followed by North America and Asia, with returns of -0.12%, -0.81%, and -1.48%, respectively. Funds investing on a global basis lost -1.20% on average.

Emerging Market hedge funds showed mixed results in January, as funds investing in Europe were also the best performers. Funds trading in Eastern Europe and Russian markets advanced strongly in January as emerging market Europe funds on average gained +4.33%.

Latin American and South American funds were the worst performers due primarily to a steep drop in Brazilian equities in January. Asian emerging market funds closely followed, losing -2.72%, as fears of a slowing Chinese recovery impacted equity prices on the Hang Seng and Shanghai bourses.

Final Regional index results for January will be available late-February, once additional funds have submitted returns. Full performance table: Source

Greenwich Regional Hedge Fund Index Performance 

01/01/10
Emerging Markets
Composite -0.67%
Global -1.39%
Americas -3.27%
Asia -2.72%
Europe 4.33%
Developed Markets
Composite -0.93%
Global -1.20%
Americas -0.81%
Asia -1.48%
Europe -0.12%
- KM -

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