Industry Updates

Greenwich Global Hedge Fund Index up +1.01% in February

Monday, March 27, 2017

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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%).

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