Wed, Jul 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Greenwich Global Hedge Fund Index fell -0.46% in April (+4.0% YTD)

Friday, May 18, 2012
Opalesque Industry Update - Hedge fund managers produced mixed results in April but lost ground on average as the Greenwich Global Hedge Fund Index fell 0.46% in the month. Long-Short Credit, Fixed Income Arbitrage, and Event Driven strategies were the best performers during the month. The GGHFI’s loss of 0.46% compared favorably to global equity returns in the S&P 500 Total Return (-0.63%), and MSCI World Equity (-1.37%) equity indices. 44% of constituent funds in the GGHFI ended the month with gains.

"European concerns began to weigh on global financial markets in April as volatility impacted returns of Directional strategies. Long-Short Equity funds lagged other sectors largely due to technology holdings of many funds that reversed direction from previous highs. Credit focused managers were winners on the month; Fixed-Income Arbitrage and Long-Short Credit managers gained 55 and 70 bps, respectively. We expect managers to lessen leverage and net exposure levels as European risk becomes increasingly negative,” notes Clint Binkley, Senior Vice President.

Global Index Strategy Highlights
• Long-Short Credit funds are the best performers on the month, gaining 0.70%
• Long-Short Equity funds fall nearly 1%; Value focused funds are best performers, declining 79 bps
• Most Market Neutral strategies advance for the month. Event-Driven funds gain 24 bps on average; Merger Arbitrage funds gain 72 bps
• Emerging Market funds fall substantially more than Developed Market managers – Greenwich Regional Composite Indices decline -0.34% and -0.98%, respectively; European G10 focused funds showed the best monthly performance... Full performance table: Source

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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe