Monday, 27 April 2015
Last updated 33 min ago
Dec 12 2007 | 10:12am ET
The Greenwich Global Hedge Fund Index is up 10.53% year-to-date despite falling 1.61% in November, and the index continues to outpace equities for the month and year.
The Directional Trading Group, buoyed by futures strategies’ positive performance, fell slightly by 0.12% (+9.38% YTD). The Market Neutral Group dropped 1.15% but is up 7.74% for the year. The Specialty Strategies Group was affected by weak emerging market manager performance (-1.94% in November), but remains up 16.46% YTD. The Long-Short Equity Group lost 2.34% (+10.78% YTD) despite the rally of +7.14% for dedicated short sellers.
In comparison, all four equity indices were down by more than 4% in November: the S&P 500, MSCI World Equity, and FTSE 100 Indices posted -4.18% (+6.23% YTD), -4.24% (+7.97% YTD), and -4.30% (+3.41% YTD), respectively.
“Hedge funds’ performance, which was less severe than that felt by the equity markets, highlights their unique ability to limit the downside,” said Ben Rossman, senior vice President at Greenwich Alternative Investments.
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…