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Greenwich Global Hedge Fund Index rises +2.35% (est.) in September (6.07% YTD)

Friday, October 04, 2013
Opalesque Industry Update - Strong equity markets helped raise the Greenwich Global Hedge Fund Index +2.35% in September 2013 according to initial estimates. Over the course of the month, the markets saw the S&P 500 (+3.14%) hit a new high followed by a decline due mainly to US budget concerns. 78% of constituent funds reported positive returns for September and all strategies returned gains for the month.

Long-Short Equity was the leading strategy in September, outperforming the S&P 500 with average gains of +3.48%. Year to date, Long-Short Equity (+10.08%) is to being the top performing strategy of 2013, just behind Event-Driven (+10.17%). Event-Driven funds also had a strong September, up +2.48% on average.

Seven of the eight major hedge fund strategies ended the third quarter of 2013 firmly in positive territory. Futures funds continued to struggle adding a modest 0.55% on average in September to bring their year-to-date return to -2.36%.

 

 

 

Strategy Index Flash Returns

September

August

YTD

Greenwich Global Hedge Fund Index

2.35%

-0.61%

6.07%

Equity Market Neutral

1.51%

-0.44%

3.15%

Event-Driven

2.48%

-0.23%

10.17%

Arbitrage

1.73%

-0.23%

5.50%

Long-Short Equity

3.48%

-0.88%

10.08%

Futures

0.55%

-0.41%

-2.36%

Macro

1.24%

-0.98%

2.85%

Long-Short Credit

2.23%

0.01%

4.60%

Multi-Strategy

1.93%

-0.61%

4.15%


The Greenwich Global Hedge Fund Index is one of the oldest benchmarks of the hedge fund universe. Full Strategy and Regional results for September will be available in mid-October, once additional funds have submitted returns. Final Index results will be available on the third business day in November. Past performance and index construction rules for all Greenwich Hedge Fund Indices may be viewed at www.greenwichai.com.

Press release

About Greenwich Alternative Investments
Greenwich Alternative Investments, LLC (and its affiliates) manages one of the world’s largest hedge fund databases and is among the oldest providers of hedge fund indices, asset management services, and research to institutional investors worldwide.

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