Greenwich Hedge Fund Index Sees September Gains

Oct 10 2007 | 1:21pm ET

The Greenwich Global Hedge Fund Index made a strong comeback in September, rising +2.97% after posting the year’s first negative return of -1.64% in August. The GGHFI year-to-date return of 9.5% trails the MSCI World Equity Index but remains ahead of the S&P 500 and FTSE 100 with returns of +10.11%, +9.13% and +3.96, respectively.

All four Strategy Groups posted their highest monthly return of the year. The Specialty Strategies Group continued to maintain its performance lead so far for the year, up 14.56% YTD, after returning a very strong +3.48% return in September.

The Long/Short Equity Group moved up +3.18% for the month and has now posted a double digit return of +10.43% YTD.
The Directional Trading Group made the biggest come back among the four Strategy Groups, in September returning 4.15% after being down -2.60% in August.

The Market Neutral Group also performed quite well, posting +1.59%, its best month since January 2006.

All 18 individual strategies tracked by the GGHFI, with the exception of short sellers, were positive in September. All are positive year-to-date.

Thus far, the September Index includes 1,032 funds. Final Index results will be posted in early November, once additional funds have submitted returns.

sept returns

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