Tue, Sep 30, 2014
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 1.86% in May (+1.9% YTD)

Friday, June 22, 2012
Opalesque Industry Update – Hedge fund managers ended the month lower in May 2012 as the Greenwich Global Hedge Fund Index fell 1.86% for the month. Futures strategies were the best performers during the month, returning their biggest monthly gain this year of 2.31% on average. The GGHFI’s loss (-1.86%) compared favorably to global equity returns with the S&P 500 Total Return (-6.01%) and MSCI World Equity (-8.99%) equity indices. 31% of constituent funds in the GGHFI ended the month with gains.

“The financial crisis in Europe emerged with renewed focus in May, with concerns about both Greece and Spain placing significant pressure on financial markets. Signs of slowing growth in the US and Asia also contributed to negative action in world equity markets. Long-Short Equity funds lagged other hedge fund strategies in this environment with a loss of 4.24%, but outperformed global equity returns. Futures managers were the clear winners on the month, gaining 2.31%. Arbitrage funds also held their gains in May, demonstrating the value of these market neutral strategies,” notes Allison Boucher, Vice President.

Global Index Strategy Highlights

  • • Futures funds are the best performers on the month, gaining 2.31%
  • • Long-Short Equity funds fall 4.24% on average; Short-biased funds are the exception, gaining 4.60%
  • • Most Market Neutral strategies produce mixed results. Event-Driven funds lost 2.57% on average; Arbitrage funds gain 9 bps
  • • Emerging Market funds fall substantially more than Developed Market managers – Greenwich Regional Composite Indices decline -5.79% and -1.44%, respectively; globally focused funds produce the best results, rising 20 bps

(press release)

Performance table: www.greenwichai.com/index.php/returns-gai-global-hf-indices

www.greenwichai.com

Bg

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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. Outlook - Julian Robertson: There are two bubbles that can bite us[more]

    From Businessinsider.com: Legendary hedge fund manager Julian Robertson gave a warning about two bubbles that could "bite us" at Bloomberg Market's Most Influential Summit. "I agree with the fact that the economy is definitely getting better. I think the cause of that is two bubbles that will