Fri, Jan 30, 2015
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. 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. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  4. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would

  5. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalauMor Management in New York