Fri, Aug 26, 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 up +0.99% in September (+4.6% YTD)

Friday, October 12, 2012
Opalesque Industry Update - Hedge fund managers mostly reported gains in September, with the Greenwich Global Hedge Fund Index up +0.99% for the month. September strategy returns are very similar to the August results, most strategies reported positive September returns, with the lingering exception of Managed Futures funds (-0.82%). The GGHFI’s gain of +0.99% lags global equity returns in the S&P 500 Total Return (+2.58%), and MSCI World Equity (+2.52%) equity indices. 68% of constituent funds in the GGHFI ended the month with gains.

Global Index Strategy Highlights:

  • Central Bank announcements in the US and EU again led equity markets higher in September. On average, Long/Short Equity funds reported their best month since February (+2.02%), making them the best performing group in September. In a reversal of the previous two months' trend, Growth funds (+2.60%) outperformed both Value (+2.07%) and Opportunistic funds (+1.73%). Short-Biased funds reported another month of weak results (-4.61%), still poorly positioned to perform in this bullish environment.
  • Event-Driven strategies reported another strong month (+1.45%). Distressed Securities managers performed particularly well, gaining +2.24%.
  • Long-Short Credit managers continued their streak as the best performing strategy year to date. Their September return of +1.06% brings them to a YTD result of +8.59%. On a 3 year annualized basis, these funds also lead the pack, with an average return of +9.93%.
  • Funds focused on Managed Futures reported another negative return in September (-0.82%) after returning disappointing results in August (-0.35%). Many managers struggled against declining commodity markets.
  • Regionally, funds investing in Emerging Markets (+3.43%) strongly outperformed those investing in Developed Markets (+0.76%) on average in September. Despite declining equity markets in China, managers investing in Emerging Asia returned the strongest results on a regional basis, gaining +4.54%. In the developed markets, North American focused funds led the way, gaining +1.55% on average. They were closely followed by Developed Asian funds (+1.53%).

Full press release and performance table: Source

fg

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. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  2. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  3. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  4. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new

  5. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of