Sun, Sep 25, 2016
A A A
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

BM

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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco

  5. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L