Hedge Funds Add 2.27%, Greenwich Says

Nov 10 2011 | 10:52am ET

Hedge funds gained ground last month—but only a fraction of the ground gained by the broader markets.

The Greenwich Global Hedge Fund Index returned 2.27% in October, a month in which the Standard & Poor's 500 Index soar 10.93%. The index remains down 3.2% on the year, while the S&P500 ended the month near break-even.

Two out of three hedge funds tracked by Greenwich Alternative Investments gained ground. Long/short equity funds rose an average of 5.32% last month, with market-neutral funds adding more than 2%. On the other hand, futures funds shed 2.55% and macro funds 0.53%.

"Concerns over Europe began to lift in October and hedge funds were able to benefit from the rise in equity prices," Greenwich AI's Clint Binkley said. "Long/short managers performed well given their cautious stance entering the month."


In Depth

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note