Opalesque - Greenwich Global Hedge Fund Index down 2.4% in August (-1.5% YTD) but continues to outperform world equity markets

09.09.2011 Greenwich Global Hedge Fund Index down 2.4% in August (-1.5% YTD) but continues to outperform world equity markets

Opalesque Industry Update – Hedge funds as measured by the Greenwich Global Hedge Fund Index (“GGHFI”) ended the month mostly lower in August, but continued to outperform world equity markets. The GGHFI declined 2.4% compared to global equity returns in the S&P 500 Total Return (-5.43%), MSCI World Equity (-7.26%), and FTSE 100 (-6.54%) equity indices. 29% of constituent funds in the GGHFI ended the month with gains.

Hedge Fund Strategy Highlights

• Directional Trading funds are the best performing group of funds in August, gaining 0.3%
• Market Neutral funds provide protection from market swings, declining only 2.9% on average for the month
• Long-Short Equity managers battle volatile markets during the month, losing 4.5%
• Short-Biased managers have their best month of the year, capitalizing on down markets to gain 9.1% in August
• Specialty Strategies group remains the best performer for the year, up 1.1%
• Developed Market funds proved to be a safer place than Emerging Market funds in August, losing only 2.1% on average compared to a loss of 5.5% for Emerging Market funds.

(press release)

Full performance table: http://www.greenwichai.com/index.php/returns-gai-global-hf-indices

Print