Sat, Aug 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Update: Greenwich Global Hedge Fund Index gains 1.7% in October (7.2% YTD)

Thursday, November 14, 2013
Opalesque Industry Update - In a month which historically has produced negative results, hedge funds returned an average of +1.7% in October 2013 as indicated by the Greenwich Global Hedge Fund Index. 81% of the Global Index's constituents reported positive returns for the month. Equity markets, as measured by the S&P500, up +4.6%, MSCI World, up +3.8% and FTSE 100, up +4.2%, continue to be strong going in to the last quarter of 2013.

Global Index Strategy Highlights

The Long-Short Equity group outperforms all major strategies again gaining +3.0% in October. The group was led by Long/Short Growth funds which were up +3.9% for the month. Short-Biased funds, along with Futures funds and the Directional Trading Group, were the only strategies to post losses of -5.1%, -0.7% and -0.2% receptively for October.

Distressed Securities continued to dominate on a year-to-date bases. Up an average +15.2% in 2013, Distressed Securities funds gained +1.8% in October.

The Event-Driven funds category also reported strong gains in October. The main category, Event Driven, reported a gain of +1.9%, with the Diversified Event-Driven sub-category adding +2.2%, Distressed Securities up + 1.8%, and Merger Arbitrage funds increasing +1.0%.

Emerging Markets outperformed developed markets by more than double, adding +3.5% over the month of October. Despite a rocky start to the US markets in October due to the US Government shutdown and lingering uncertainty as to whether the Federal Reserve would not begin tapering, the Americas Regional Index improved +2.0% this month.

www.greenwichai.com

press release

06.Nov.2013 Greenwich Global Hedge Fund Index up 1.86% (est.) in October, 7.36% YTD

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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added