| 26.04.2011 Event-driven managers lead investable hedge fund strategies in March |
| Opalesque Industry Update - Results were mixed among the
Greenwich Investable strategies in March in the context of volatile market
moves. The monthly redemption Composite Index advanced by 33 basis points
while the quarterly exit Index shed 0.17%. Four of Nine Greenwich
Investable Indices moved higher for the month, led by Market Neutral
strategies. The Greenwich Long-Short Equity Investable Index also advanced
by 0.11%, slightly outperforming the 4 basis point advance in the S&P 500
Total Return Index. On the downside, Managed Futures funds lost the most
ground, falling 3.15%. “Trend-following strategies were the most affected in March as a result of the sharp mid-month reversal in the market. Directional strategies lag most Market Neutral funds due to the volatility traders have seen in the first quarter of 2011. Going forward, we expect Event-Driven funds and Arbitrage strategies to continue to benefit from the opportunities the market is creating,” said Clint Binkley, Senior Vice President.
The Greenwich Investable Hedge Fund Indices are specifically designed to
represent the returns of the hedge fund universe. They are comprehensive in
design and cover a wide spectrum of hedge fund strategies, providing
investors with innovative and efficient access to hedge fund beta. Final
index results for March will be available Mid-May, once all managers have
submitted final returns. The indices reference actual hedge fund vehicles
as opposed to separately managed accounts or other methods used in an
attempt to replicate the returns of hedge fund vehicles. The Indices are
reported monthly net of a 0.083% per period index calculation fee. Past
performance and index construction rules for all Greenwich Hedge Fund
Indices may be viewed at www.greenwichai.com...Corporate website: Source |