Thu, Mar 22, 2018
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


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. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t

  3. 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

  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