Sat, Mar 24, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Greenwich Global Hedge Fund Index gains 0.81% in August (+3.7% YTD)

Monday, September 17, 2012
Opalesque Industry Update: Hedge fund managers posted positive results in August on average as the Greenwich Global Hedge Fund Index rose +0.81% for the month. Most strategies reported positive returns for August, with the exception of Managed Futures (-0.16%) and Macro (-0.25%) funds. The GGHFI’s gain of +0.81% lagged global equity returns in the S&P 500 Total Return (2.25%), and MSCI World Equity (+2.29%) equity indices. 67% of constituent funds in the GGHFI ended the month with gains.

Global Index Strategy Highlights:

Positive expectations propelled global stock markets upward in August, driven by anticipations of additional quantitative easing in the US and promises of bond buying from Mario Draghi in the EU. On average, Long/Short Equity funds showed improved results in August (+1.29%), though they continue to trail equity markets. Value strategies once again outperformed both Opportunistic and Growth strategies with a gain of +1.53%. Short-Biased funds struggled to profit in this bullish environment, losing -5.11% during the month on average.

Event-Driven strategies were one of the best performers during the month, gaining +1.74% on average. Managers in this space also benefited from the move upward in markets and firming of sentiments.

Long-Short Credit managers continued their streak as the best performing strategy year to date. Their August return of +1.21% brings them to a YTD result of 7.59%. On a 3 year annualized basis, these funds also lead the pack, with an average return of +10.21%.

Funds focused on Managed Futures seesawed back to another negative return in August (-0.16%) after returning impressive results in July (+2.06%). After a year of uneven returns, these funds remain one of the weaker strategies, up only +1.25% YTD on average.

Regionally, funds investing in Developed Markets (+0.83%) fared similarly to those investing in Emerging Markets (+0.91%) on average in August. Managers investing in Latin America returned the strongest results on a regional basis, gaining +3.61% during the month. In the developed markets, North American focused funds led the way, gaining +1.78% on average.

Greenwich Alternative Investments

Press Release


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. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. Institutional Investors - Overdrawn pension fund scores gains[more]

    From Investments in big banks, pawn shops and rolling papers helped boost public safety workers' underfunded pensions this past calendar years, according to newly released figures. After recording middling returns in recent years, the Police & Fire Pension Fund (P&F) notched

  3. Activist Investors - The seven most undervalued stocks in Larry Robbins' portfolio, Stamford hedge fund still seeking shakeup of Taubman board[more]

    The seven most undervalued stocks in Larry Robbins' portfolio From ...On February 14th, Larry Robbins' firm Glenview Capital Management filed its quarterly Form 13F regulatory filing. The firm's stock portfolio totals $18.5 billion with 58 positions according to the latest

  4. Hot hedge fund loses 21% after bet on volatility goes wrong[more]

    From In December, Shahraab Ahmad shared with his hedge fund clients the principle that helped him trounce peers for two turbulent decades: steer clear of the crowd. He'd turned $50 million into an operation with more than $700 million over three years and delivered market-beating retu

  5. Opalesque Exclusive: Northern Trust builds on blockchain-backed private equity solution[more]

    Bailey McCann, Opalesque New York: Private equity clients at Northern Trust can now carry out audits of private equity lifecycle events directly from the blockchain. Northern Trust, working with PwC and other audit firms in Guernsey, has added this feature to its existing solution set for private