Greenwich Index Up In July

Aug 10 2007 | 6:30am ET

As the hedge fund world waits for and wonders about what horrors August may bring, the general consensus is that July wasn’t so bad—for most hedge funds.

The latest bringer of not-so-bad news is the Greenwich Global Hedge Fund Index, which gained 0.13% last month, easily eclipsing the Standard and Poor’s 500, which dropped more than 3%. Year-to-date, the Greenwich index is up 7.98% through July.

“While difficult to predict the full market impact associated with absorption of sub prime risks, this month’s hedge fund performance indicates the impact will likely be less significant than feared,” notes Ben Rossman, general manager of Greenwich Alternative Investments.

“Of the funds that Greenwich tracks, those with direct exposure to such risks – inaccurate pricing of CDOs and other opaque instruments, tighter credit terms, potential reform to rating agency operations and the like – are estimated to represent less than 10% of the hedge fund universe.”

Greenwich’s Investable Hedge Fund Index wasn’t as lucky as its flagship partner: It fell 0.74% on in July, and is now up 5.39% year-to-date.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note