Fri, Feb 12, 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 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 - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  2. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  3. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  4. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  5. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi