Mon, Aug 31, 2015
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. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner