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Alternative Market Briefing

Hedge funds edge up in September as tension in Korean Peninsula cools down

Monday, October 30, 2017

Komfie Manalo, Opalesque Asia:

Tensions between the U.S. and North Korea cooled down in September, offering some respite and contributing to improved investor confidence that helped advanced the Greenwich Global Hedge Fund Index to grow +0.52% last month (+5.68% YTD) as individual strategies exhibited mixed performance.

In its monthly report, Greenwich Associates added that the continued positive economic outlook to support a sustained rally in equities, as represented by the S&P 500's +2.06% return, also contributed to the rise of hedge funds last month.

"The MSCI Emerging Markets Price Index retreated from August's rally, reporting down -0.55% in September, while the Nikkei 225 soared +3.61% on the decrease in rhetoric in the region. Bonds gave back some of August's return, reflected in the Barclays Aggregate Bond Index's loss of -0.48%," Greenwich said in the report.

Long-short equity regains top spot

According to the report, long-short equity strategies have reclaimed their top spot in September with a +1.72% rally. All long-biased equity indices benefited from continued strong economic data and the anticipation of a strong earnings season. Growth funds are the best performers through the third quarter of 2017, up +13.06% YTD.

Event-driven funds posted a strong +1.21% return, the index's best n......................

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