Sun, May 3, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Swiss group Pictet releases first public annual and financial reports[more]

    Benedicte Gravrand, Opalesque Geneva: Pictet Group, a Swiss private bank, has just released its first public annual report and financial report since it opened for business in Geneva in 1805. I

  3. Opalesque Exclusive: Carne establishes non-EU ManCo in Jersey[more]

    Benedicte Gravrand, Opalesque Geneva: For those managers who will not domicile their fund in the European Union (EU) and yet want to distribute it in the EU – especially the UK –, going under the wing of an AIFMD-compliant ManCo on the Channel Islands could be one of the ways to do it. Ch

  4. SEC charges funds of hedge funds Alpha Titans, executives, and auditor for improper expense allocations[more]

    Update: Please note the important updated information at the end of the article.The Securities and Exchange Commission today announced charges against a Santa Barbara, Calif.-based hedge fund advisory firm and two executives involved in improper allocations of fund assets to pay undisclose

  5. Opalesque TV: Aequam Capital: Asset management industry will be mainly quantitative going forward[more]

    Benedicte Gravrand, Opalesque Geneva: Before starting his boutique in 2010, Arnaud Chretien, co-founder and CIO of Aequam Capital, worked ten years as a market trader and 18 years as a quantitative and systematic fund manager for Soc

 

banner