Hedge Funds Add 2.27%, Greenwich Says

Nov 10 2011 | 11:52am 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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...


FINalternatives Trending

From the current issue of