Industry Updates

Greenwich Global Hedge Fund Index up 2.66% in January

Wednesday, February 28, 2018

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Opalesque Industry Update - The Greenwich Global Hedge Fund Index was up again in January, posting a +2.66% gain to start the year. Performance was widespread as funds of all types took advantage of bullish sentiment across multiple asset classes and regions. Congress passed - and President Trump signed - the largest tax reform bill since the Reagan administration. Inflation remained in check, though the FOMC continued to indicate further interest rate hikes would be coming throughout the year. Long-only equities across the globe also jumped out of the gate. The S&P 500 Total Return Index was up +5.73%, and the MSCI Emerging Markets Price Index was up +8.30%. Conversely, the Barclays Aggregate Bond Index saw its worst month (-1.15%) since the significant bond selloff following President Trump's campaign victory in November 2016 and the fear that it would bring about the return of inflation.

Global Index Strategy Highlights

January's preliminary performance data and December's final revision data represent the first time that all Greenwich Global Indices were positive in consecutive months since May and June 2014.
Every major Group gained more than +1% in January. The Directional Trading Group was particularly strong, gaining +3.54% to post its best return in ten years. The Long-Short Equity Group's +3.61% was its highest return since April 2016.
Funds indicating a regional bias were particularly impressive in January. The EM - Europe Index (+7.52%) and the EM - Americas Index (+6.76%) produced their highest returns since April 2015.