Fri, May 25, 2018
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 2.45% in January

Wednesday, February 20, 2013
Opalesque Industry Update - Hedge funds began 2013 with clearly positive results, returning an average of +2.45% in January. 80% of the Greenwich Global Hedge Fund Index constituents posted positive returns in January. Even so, many hedge fund managers seem to be maintaining caution going into 2013 as several issues remain unsettled, namely the European sovereign debt crisis, the US debt ceiling and continued unrest in the Middle East and Asia. The GGHFI average trailed strong January returns in the S&P 500 (+5.18%) and MSCI World (+5.00%) equity indices.

Global Index Strategy Highlights

  • The Long-Short Equity Group outperformed all other hedge fund strategies in January, up an average of +3.66%. The Growth strategy posted a particularly strong start to 2013, up +3.93%, though Opportunistic (+3.50%) and Value (+3.37%) strategies were not far behind. Short-Biased managers continued to struggle against the uptrend, losing -5.64%.

  • Event-Driven strategies were the runners up in January averaging +2.28%. Merger Arbitrage was the only negative performer in the group (-0.89%) due to limited M&A activity. Distressed Securities strategies were up +2.85% and Diversified Event-Driven similarly were up +2.81%.

  • On a regional basis, managers investing in Asian markets were the top performers in January, whether they were focused on Developed (+4.04%) or Emerging (+4.08%) regions. This robust performance is particularly impressive in the face of expectations of slower economic growth for some of the region’s major economies in 2013 and a downwardly spiraling Japanese Yen.

  • Overall, Emerging Market strategies (+3.92%) outperformed Developed Market strategies (+2.35%) in January. The Emerging Europe region led the way, up +4.67%.

Press release

bc

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 hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven