Greenwich: Hedge Funds Up Double-Digits Despite Falling In Nov.

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.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Strippers Accused Of Robbing Hedge-Fund Manager Face Jail

Oct 20 2014 | 9:20am ET

A group of alleged stripper-thieves—whose victims include a hedge-fund manager...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.