Sat, Apr 18, 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 rose +0.11% in June (+2.0 YTD)

Wednesday, July 25, 2012
Opalesque Industry Update - Hedge fund managers ended modestly higher in June on average as the Greenwich Global Hedge Fund Index rose +0.11% for the month. Arbitrage strategies were the best performers during the month, returning an average of +1.03%. The GGHFI’s gain of +0.11% lagged global equity returns in the S&P 500 Total Return (4.12%), and MSCI World Equity (+4.93%) equity indices. 59% of constituent funds in the GGHFI ended the month with gains.

Global Index Strategy Highlights
• Arbitrage funds are the best performers on the month, gaining +1.03% on average. Managers following Other Arbitrage strategies lead the way (+2.88%), followed by Fixed Income Arbitrage (+0.95%).
• Global stock markets rebounded in June retracing some of May’s negative performance. Long/Short Equity funds posted modest returns of +0.79% because of low net exposure (approx. 40%).
• Long/Short Credit Funds experienced positive returns as credit spreads improved with the equity markets. Long/Short Credit’s +0.94% return for June increased its YTD return to +4.82% making it the best performing YTD hedge fund strategy.
• Directional Trading funds struggled to find a trend in choppy markets, losing -1.4% on average. Within the group, Macro funds were basically flat in June (-0.01%), while Futures managers lost an average of -2.08%.
• Regional results were mixed during the month, but Emerging Markets funds fared slightly better (+0.34%) on average than their Developed Markets counterparts (+0.24%). Eastern Europe focused funds turned in the best results (+1.83%). Funds investing in North American markets also outperformed other regions with a gain of +1.20%...Full performance table: Source
km

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. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  2. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  3. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

  4. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  5. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

 

banner