Mon, Jul 24, 2017
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. Launches - Crypto boom: 15 new hedge funds want in on 84,000% returns, Crypto madness is striking VCs as Union Square analyst leaves to start new fund[more]

    Crypto boom: 15 new hedge funds want in on 84,000% returns From Forbes.com: With 43 projects raising $1.2 billion in initial coin offerings since May 1, according to Nick Tomaino's The Control, and with stratospheric returns for so many ICOs -- 82,000% for Ethereum, 56,000% for IOTA, 44,

  2. FinTech - The machines are coming... Elon Musk's grim warning, Tezos' $232 million ICO may just be the beginning, A gentle introduction to Initial Coin Offerings (ICOs), Billion dollar tokens, ICOS & crazy market swings WTF is going on!?, How AI is changing the way we invest, How the tech revolution is bringing flip-flops and beanbags to Wall Street, A 'machine-learning' approach to venture capital[more]

    The machines are coming... Elon Musk's grim warning From Tenplay.com.au: Tesla chief Elon Musk has called on US Governors to take 'decisive' action to curtail "the greatest risk we face as a civilization": Artificial Intelligence, or AI. Speaking at a meeting of the National Governor Ass

  3. News Briefs – Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9%, Rwanda: Global hedge fund to increase investments[more]

    Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9% Sears Holdings has landed a fresh line of credit, valued at $200 million, from its CEO Eddie Lampert's hedge fund, the retailer said Monday. Sears' stock climbed about 9 percent higher Monda

  4. Despite current limits, robo-advisors will be preferred investment solution for retail, gain importance for affluent and high net worth[more]

    Matthias Knab, Opalesque: Flynt, a Swiss FinTech focusing on proprietary technology platform for private and institutional clients, has published a brief paper on "Investing in the world of robo-advice and passive instruments". As investors will become more reluctant to pay for investment advi

  5. Investing - Hedge fund CQS favors structured credit, Direct lending funds' fading all-weather appeal, Funds hunt for cracks in most-prized US shopping malls[more]

    Hedge fund CQS favors structured credit From BArrons.com: A hedge fund manager that can invest across the investment landscape says in his latest semi annual report this week that he's finding opportunities in structured credit -- particularly the shorter term, floating rate kind. Exampl