Greenwich: Hedge Funds Add 2.62% To Open Year

Feb 6 2013 | 2:20pm ET

Hedge funds returned about 2.62% last month, roughly half the gain managed by the Standard & Poor's 500 Index during 2013's first 31 days, the Greenwich Global Hedge Fund Index shows.

The latter benchmark rose 5.1% last month. None of the eight strategies tracked by Greenwich Alternative Investments managed such a return in January.

Long/short equity funds led the way last month with a 3.66% return, followed by long/short credit at 2.39%, multi-strategy at 2.23%, event-driven at 2.17% and macro at 2.08%. Futures funds added 1.83%, equity-market neutral funds 1.56% and arbitrage funds 1.16%.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.