Tue, Dec 12, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Greenwich Composite Investable Index shed -2.18% during May

Wednesday, June 30, 2010
Opalesque Industry Updates - The Greenwich Composite Investable Index shed 2.18% during May in an extremely difficult market for hedge funds and investors worldwide. All Greenwich Investable Indices moved lower on the month, albeit to a lesser extent than the precipitous drop experienced by global equity markets.

The Greenwich Investable Equity Market Neutral Index was the best performer in May, losing a modest 24 basis points. More directional strategies were not as fortunate, as the Greenwich Investable Futures Index lost 3.27%. The Long-Short Equity Investable Index also lost 2.61%, its largest loss of the year but a fraction of the 10% decline experienced by the MSCI World Equity Index. Year-to-date, 5 of 9 Greenwich Investable Index Strategies remain positive on the year with Event-Driven and Long-Short Credit leading to the upside, gaining 5.84% and 5.24%, respectively.

“The depth and speed of the correction in May caught market participants by surprise. Hedge funds did their best to mitigate market risk but managers with even marginal net exposures suffered as a result of the dramatic sell-off. However, the relatively low level of losses in directional hedge fund strategies as compared to global equity returns clearly demonstrates the capital preservation priorities of the hedge fund asset class,” noted Clint Binkley, Senior Vice President.

Performance table available: Source

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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans