Wed, Feb 22, 2017
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. People - Kuwait wealth fund head Al Saad said to step down after 14 years[more]

    From Bloomberg.com: Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world's fifth-largest sovereign wealth fund for 14 years, a person familiar with the matter said. The KIA, as the fund is known, is finalizing the appointment, said

  2. Manager Profile - Eddie Lampert: a painful entanglement with Sears[more]

    From Moneyweek.com: "In the long run we are all dead." Lex in the Financial Times reached for the famous quote from John Maynard Keynes in January when, after a long and unforgiving decline, the clock finally appeared to be running out on Sears, the iconic US department store group. Yet the group's

  3. Investing - Hedge funds quit Aberdeen shorts as shares begin to recover, Hedge funds' next big short: U.S. malls, O'Connor fund owns 9.5% of Protalix Biotherapeutics, U.S. hedge fund takes position in Macau hotel The 13[more]

    Hedge funds quit Aberdeen shorts as shares begin to recover From Investmentweek.co.uk: The last two hedge funds to short Aberdeen Asset Management have removed their positions, as the fund group's shares begin to show signs of recovery after a difficult few years. According to the Financ

  4. Latin America, high yields and Asia Pacific strategies dominate hedge fund returns in January[more]

    Komfie Manalo, Opalesque Asia: Latin America (+7.04%), high yield (5.63%), and Asia-Pacific (+5.06%) strategies dominated hedge fund performance in January, data provider Hennesee Fund Research said. The bottom three strategies for the mont

  5. Investing - Hedge funds loading up on this dividend stock, The biggest hedge funds have been piling into bank stocks[more]

    Hedge funds loading up on this dividend stock From Incomeinvestors.com: Hedge funds are backing up the truck on Cameco Corp stock. Billionaire Jim Simons owns 389,000 shares. Other Wall Street titans - including Ray Dalio, Ken Griffin, and Chuck Royce - have been quietly building positio