Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Greenwich Global Hedge Fund Index up +1.01% in February

Monday, March 27, 2017
Opalesque Industry Update - Hedge fund managers took advantage of February's bullish environment to extend their strong start to the year. The Greenwich Global Hedge Fund Index was up +1.01% as all but one of its constituent indices produced positive returns on the month.

The S&P 500 (+3.97%) and the MSCI World Index (+2.58%) reported their best performances since March and July, respectively, despite a strengthening dollar and a looming US rate hike. Bonds had their best month since June, with the Barclays Aggregate Bond Index gaining +0.67%.

Global Index Strategy Highlights

• Five of the Greenwich Global Indices or Groups now have win steaks of a year or longer: Convertible Arbitrage, Distressed Securities, the Market Neutral Group, the Event-Driven subgroup, and the Arbitrage subgroup.

• The Long-Short Equity Group as whole benefitted from the continued rally in US equities. Growth managers led the pack with a +1.70% return, while Value funds were close behind with a +1.27% return.

• The Directional Trading Group rebounded from last month's negative performance, with both underlying indices producing returns over 1% in February.

• Funds with a geographic focus also fared well. Out of all the Greenwich Regional Indices, only the Europe Regional Index had a losing month (-1.63%).

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1