Tuesday, 31 March 2015
Last updated 2 hours ago
Nov 12 2007 | 7:35am ET
The Greenwich Global Hedge Fund Index returned 3.01% in October, representing its strongest month since January 2006 and the best performance for the first 10 months of the year since 2003.
The GGHFI’s year to date of 12.39% is on par with the MSCI World Equity Index (YTD 12.75%), and ahead of the S&P 500 (YTD 10.86%) and FTSE 100 (YTD 8.06%).
“October’s consistency of performance across strategies has hit its strongest level since 2003, with all four strategy groups’ returns at their highest since January 2003 or before,” notes Ben Rossman, senior vice president. “The directional trading group surged 4.48% in October, up 10.76% YTD. Following the Group’s 3.90% September rally, October’s surge marks what may be one of the larger two-month recoveries.”
The specialty strategies group returned 3.63%, up 18.36% YTD. The long/short equity group followed, up 2.92% and 13.24% for the year. The market neutral group had its strongest month since January 2006, yielding 2%, up 9.06% YTD.
All 18 individual strategies tracked by the GGHFI ended in positive territory and are positive for the year. The October Index currently includes 988 funds.
Meanwhile, the Greenwich Composite Investable Index returned 1.53% in October (5.80% YTD). It references 49 actual hedge fund vehicles as opposed to separately managed accounts or other methods used in an attempt to replicate hedge fund returns. The Investable Index has a correlation of 0.93 to the GGHFI and is reported monthly net of a 0.04% Index calculation fee.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…