Tue, Jan 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Greenwich Global Hedge Fund Index lost -0.55% in August (+3.7%)

Monday, September 16, 2013
Opalesque Industry Update - Hedge funds faired significantly better than equity markets in August 2013 with the Greenwich Global Hedge Fund Index giving up a minimal -0.55% on average compared to the S&P500, down -2.90%, MSCI World, down -2.33% and FTSE 100, down -3.14%. Only 5 of the 33 strategies ended August on a positive note with 58% of all reporting funds posting negative returns.

Global Index Strategy Highlights

• August started on a positive note with a lower unemployment number and positive consumer confidence data from the US as well as the Euro Zone emerging from recession with France, Germany and Portugal all posting better than expected GDPs. Gains were quickly reversed as fears grew over the potential that the US Federal Reserve would begin rolling back its bond purchase program as early as September and uncertainty mounted over whether military action would be taken against Syria by the US and its allies.

• Short-Biased (+2.29%), Fixed Income Arbitrage (+0.22%), Long-Short Credit (+0.19%), Opportunistic (+0.16%) and Special Situation (+0.04%) strategies were the only strategies able to post positive returns for August.

• Distressed Securities strong performance earlier this year allowed the strategy to absorb August loses averaging -0.82% while maintaining its position as the best performing strategy in 2013 (+10.63% year-to-date).

• On a regional basis, the Americas Regional Index was the best Developed Market index with a return of -0.26% while in the Emerging Markets, the Asian Regional Index performed best in August losing -0.47%. YTD, both of the Asia Region’s Indices continue to be the best performing Regional Indices (Developed Markets up +10.77% and Emerging Markets up +0.94%). This could be tested in the final quarter of 2013 if projected growth in Asian markets, particularly India and China, does not accelerate.

Press release

www.greenwichai.com

Initial estimated numbers for the month: 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 - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r