Thu, Nov 27, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Greenwich Global Hedge Fund Index gains 0.79% so far in April (4.4% YTD)

Tuesday, May 14, 2013
Opalesque Industry Update – Hedge funds were up +0.79% in April 2013 posting their fourth straight month of growth in April. Distressed Securities managers led all strategies, adding +2.98% during the month. Regionally, managers focusing on Asia’s developed markets also had a strong month, up +3.39%. Equity markets, as measured by the S&P 500 TR and MSCI World Price Index, increased by +1.93% and +2.90% respectively. 66% of reporting funds reported positive performance for the month.

Global Index Strategy Highlights

• Distressed Securities is now the top strategy performer for 2013. April saw strong growth of nearly +3% on average during the month, increasing the strategy’s YTD performance to +7.99%. Macro and Event-Driven managers also saw strong performance in April adding +1.73% and +1.51% respectively.
• Long-Short Equity managers reported more tepid growth in April (+0.37%), as many managers seemed to be surprised at the extent of the rally in equities. The Value sub-strategy continues to be the best performer in the group, up +0.71% in April and +6.85% YTD. It is also the second best performing hedge fund strategy YTD behind Distressed Securities.
• April saw a return of 3.39% on average for hedge funds investing in Asia - Developed Markets, making this the strongest regional performer YTD (+11.78%). Continued Bank of Japan policy in April led the Nikkei 225 to a rise of +11.8% for the month.

Performance table

Greenwich Alternative Investments: www.greenwichai.com

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 - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to