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Greenwich Composite Investable Index gained 0.20% in April (+1.62% YTD)

Friday, May 21, 2010
Opalesque Industry Updates - The Greenwich Composite Investable Index advanced by 0.20% in April as equity markets moved higher in choppy trading. Seven of Nine Greenwich Investable Indices moved higher during the month and all remain positive for the year. The Investable Event-Driven Index was the largest gainer during the month, with a gain of 1.93%. Long-Short Credit and Futures strategies were the next best performing Indices, posting gains of 0.96% and 0.74%, respectively. Year-to-date, the Event-Driven and Long-Short Credit Investable Indices still lead the group with gains of 7.64% and 3.78%, respectively.

“We saw very mixed results from Long-Short Equity funds in April. European funds struggled more than US focused managers but almost all had difficulty predicting the next move for global markets. The delayed resolution of the European sovereign debt crisis is continuing to have a negative impact on investor sentiment,” noted Clint Binkley, Senior Vice President.

Full performance table: Source

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