Fri, Oct 28, 2016
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.

press release

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


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. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa

  2. Investing - Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities, Lansdowne's Roden says likes animal genetics company Genus[more]

    Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities From As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redem

  3. Opalesque Roundtable: Style drift, poor communications and credibility fatigue are biggest red flags for hedge funds investors[more]

    Komfie Manalo, Opalesque Asia: Style drift, poor communications and credibility fatigue are the biggest red flags for hedge funds investors, said participants of the latest 2016 Opalesque Investor Roundtable, sponso

  4. Barclay CTA Index down 0.40% in September (+0.10% YTD)[more]

    Managed futures traders lost 0.40% in September according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.10% year to date. “The US Fed, in spite of its hawkish tone, opted to hold rates steady which roiled financial markets,” says Sol Waksman, founder and president of BarclayHe

  5. Opalesque Exclusive: Meet Emma, your friendly A.I. helper[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Shaunka Khire, who co-designed an artificial intelligence (AI) robot called EMMA/MANSI, talks to Opalesque