Fri, Sep 4, 2015
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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  3. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  4. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  5. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

 

banner