Greenwich Global Hedge Fund Index Down -2.25% in August

Sep 21 2015 | 11:48am ET

The Greenwich Global Hedge Fund Index is the latest statistical measure to show the headwinds faced by alternative asset managers in August. 

The metric, one of the oldest benchmarks for the hedge fund universe, fell -2.25% during the period, according to a press release. The measure lost 0.49% in July and is now down 0.40% for the year to date. 

Results were driven by poor performance in Long/Short Equity Strategies and Event Driven Strategies. In comparison, global equity markets, as measured by the MSCI World Index, was down -6.81%, while global bond markets were down 0.14% as measured by the Barclay’s Aggregate Bond Index.  

August Global Index Strategy highlights:

  • Long/Short Equity strategies were the worst performing funds in August, down -3.58%
  • Event Driven managers also performed poorly, down -1.91%.
  • Short Biased Equity funds were the best performing strategy, up +8.30%.
  • Convertible Arbitrage managers have the best YTD performance, up +3.77%. 

Established as the Van Hedge Global Fund Index in 1995, the Greenwich Global Hedge Fund Index is one of the oldest benchmarks of the hedge fund universe. It is published monthly in the first week and revised in the third week of each month. The company’s database contains approximately 200 data points on more than 7,000 alternative investment funds. 

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