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Greenwich Global Hedge Fund Index up +0.65% in August (+5.2% YTD)

Friday, September 29, 2017
Opalesque Industry Update - Hedge funds reported another positive month in August, up +0.65%. Geopolitical saber-rattling, White House intrigue, and widespread flooding and destruction from Hurricane Harvey contributed to an increase in performance variation across strategies tracked by the Greenwich Global indices. Ongoing rhetoric between North Korea and the United States generated regional volatility, but equity markets exhibited continued resilience as the S&P 500 rallied at month-end to notch a positive return. The MSCI Emerging Markets Price Index was up +2.01% for its eighth straight positive month. Bonds reported their strongest month since June of last year, with the Barclays Aggregate Bond Index up +0.90%.

Global Index Strategy Highlights

  • The Directional Trading Group followed a strong July with an even better August, up +1.12%. Its constituent Futures managers were the month's top performers, up an average of +1.27%.
  • Growth-focused equity funds appear to have successfully weathered the the month's increased volatility, returning +1.16% and retaining their title of the top-performing Global strategy year-to-date (+11.15%).
  • Funds that indicated a regional bias performed well and were generally positive across developed and emerging markets. The Greenwich Regional Asian Emerging Markets Index is now up almost +20% year-to-date.

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