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Opalesque Exclusive: Indices round-up for July From the Opalesque Team: Whilst the Greenwich index went down 2.31%, the Hennessee index returned -1.95%, the HFRI Fund Weighted Composite Index returned -2.35%, the Barclay HF index returned -1.84% and the Dow Jones HF indexes returned an estimated average of -0.78%. That’s about -1.84% on average for the month of July. We hope for a September recovery.

Greenwich Global hedge fund indices: Hedge funds lost 2.31% in July, 3% YTD The Greenwich Global Hedge Fund Index (“GGHFI”) and the Greenwich Composite Investable Index (“GI2”) posted losses of -2.31% and -1.72% on the month, respectively. This compares similarly to returns in the S&P 500 Total Return (-0.84%), MSCI World Equity (-2.53%), and FTSE 100 (-3.80%) equity indices. Year-to-date, the GGHFI and the GI2 have shed -3.00% and -1.82%, respectively, while equity indices have produced double digit losses for the year. 32% of constituent funds in the GGHFI ended the month with gains.

“July’s results highlight several popular hedge fund trades unwinding in a short period of time. While hedge funds as a group clearly had a weak month, their year-to-date returns still greatly outpace traditional long-only investment vehicles.” notes Margaret Gilbert, Managing Director.

Market Neutral Group managers were the strongest performers in July, posting a loss of -0.88%. Merger Arbitrage and S......................

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