Wed, Oct 18, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Greenwich Alternative Investments announces seven new investable hedge fund indices

Friday, February 26, 2010
Opalesque Industry Updates - Greenwich Alternative Investments, a source of hedge fund industry data, announced the launch of seven new investable hedge fund indices to complement its existing lineup of actively managed, strategy-based investable indices. The creation of these new indices is designed to provide greater flexibility to investors who want to capture the performance of more specific hedge fund strategies. In addition to these new indices, Greenwich Alternative Investments also announced the launch of the publication of a monthly in-depth hedge fund strategy and market review.

Copies of the Greenwich Alternative Investments market commentary can be found in the attached PDF or at Source

“The new lineup of Greenwich Investable Indices gives investors a greater number of options in terms of both liquidity and hedge fund strategies to aid portfolio construction in the alternative investment space,” said Clint Binkley, Senior Vice President. “They are specifically designed to capture the beta moves of investment strategies that are unique to the hedge fund asset class.”

The new additions to the Greenwich Investable Hedge Fund Indices will employ the same rigorous inclusion criteria as the existing lineup. For more information on the construction and calculation of the Greenwich Investable Hedge Fund Indices, please visit www.greenwichai.com.

The Greenwich Composite Investable Hedge Fund Index outperformed the Greenwich Global Hedge Fund Index (GGHFI) in January, posting returns of -0.27% (monthly liquidity) and -0.41% (quarterly liquidity). This compares to global equity returns in the S&P 500 Total Return -3.60%, MSCI World Equity -4.19%, and FTSE 100 -4.14% equity indices. The Greenwich Long-Short Equity Investable Index also posted exceptional results to begin 2010, gaining 0.27% despite broad-based declines in global equity indices. The GGHFI returned -1.04% in January.

The new Investable Event-Driven and Arbitrage Indices were the best performers of the month, gaining +0.62% and +0.73% respectively. The Long/Short Equity Investable Index advanced due to several managers who cut net exposure early in the month in response to monetary tightening in China and sovereign debt risk originating from a Greek fiscal crisis.

In the fixed income space, the Investable Long/Short Credit Index climbed +0.53% while the Investable Equity Market Neutral Index was nearly flat in its first month of performance, losing 7 basis points. Directional trading funds trailed the rest of the hedge fund universe in January. Managed Futures funds were the worst performers but the Greenwich Investable Futures Index declined a fraction of the Greenwich Global Futures Index (-1.60% compared to -3.09%). The Greenwich Macro Investable Index also experienced a slight loss of -0.36%

kb

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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad