Sun, Aug 28, 2016
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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new