Tue, Nov 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Update: Greenwich Hedge Fund Index up 0.36% in November, 4.6% YTD

Monday, December 17, 2012
Opalesque Industry Update – Hedge fund managers returned modest gains on average amidst volatile markets in November 2012, with the Greenwich Global Hedge Fund Index up +0.36% for the month.

Most strategies reported positive results for the month, with the notable exception of Managed Futures. The GGHFI’s gain of +0.36% trails global equity returns in the S&P 500 Total Return (+0.58%), and MSCI World Equity (+1.07%) equity indices. 62% of constituent funds in the GGHFI ended the month with gains.

Global Index Strategy Highlights

• Markets fell sharply early in the month after the US elections, only to reverse course mid-month and end the month with gains. On average, Long/Short Equity funds were not quite able to keep up, gaining +0.40%. Growth oriented funds just barely led the way among sub-strategies (+0.49%) and were closely followed by Opportunistic (+0.46%) and Value funds (+0.43%).

• Arbitrage (+0.75%) and Event-Driven (+0.62%) strategies performed particularly well during the month. Within these strategies, Merger Arbitrage, Convertible Arbitrage, and Other Arbitrage were the top performers, all returning over 1% for the month. Distressed Securities also saw another strong month (+1.00%), and remains one of the top strategies YTD (+10.58%).

• Managed futures funds posted their fourth straight month of losses in November, losing -0.23%. This strategy is now down -3.36% YTD.

• Regionally, funds investing in Emerging Markets (+0.35%) performed similarly to those investing in Developed Markets (+0.36%) on average, though the results are more divergent on a region by region basis. Managers focused on Emerging Asian markets had the most successful month amid signs of renewed growth in China, posting gains of +1.54% on average. They were followed by Western European funds (+1.37%), as additional financial aid for Greece bolstered confidence. Despite the continuing debt crisis, European funds are now nearly the top performing funds on a regional basis YTD, up 7.88% and second only to Latin American funds (+7.89).

Press release

Full performance table: www.greenwichai.com/index.php/returns-gai-global-hf-indices

November's first estimates were reported on December 6th: Source

Bg

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. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  3. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W

  4. Investing - Six more Warren Buffett buys, including Southwest Airlines, Seth Klarman's Baupost Group bets on beaten-up health care, Roark Capital offers to buy Buffalo Wild Wings: Wall Street Journal[more]

    Six more Warren Buffett buys, including Southwest Airlines From Forbes.com: Our latest recommendation for aggressive investors is Restaurant Brands International . Hedge fund manager Bill Ackman has an incredible 40.1% of his fund at Pershing Square Capital Management invested in Restaur

  5. Investing - Tages Capital steps in to rescue Italy's Banca Carige, Hedge funds place $5.4bn bet on Toshiba's resurrection, Why outside investors are fleeing: John Paulson's 6 worst investments[more]

    Tages Capital steps in to rescue Italy's Banca Carige From TheTimes.co.uk: A little known London hedge fund has played a pivotal role in the first rescue of an Italian bank without state intervention since the country's bad debt crisis started three years ago. Banca Carige, a Genovese le