Sun, Dec 21, 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 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 - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und