Friday, 30 January 2015
Last updated 1 hour ago
Jan 15 2008 | 8:30am ET
Hedge funds returned 11.15% last year, Greenwich Alternative Investments said. The Greenwich Global Hedge Fund Index added 0.61% in December.
“Hedge funds have demonstrated their resilience to downward moves in the equity markets,” Ben Rossman, senior vice president, said. “Hedge funds outperformed the S&P500 by more than 5.5% in 2007 through a combination of capturing market upside and protecting against downside. This is hedge funds’ highest level of outperformance since 2002, when the S&P500 was down more than 22% and hedge funds ended the year near flat, dropping less than 1%.”
The Standard & Poor’s 500 Index rose 5.49% last year.
Investable hedge funds did not fare nearly so well. The Greenwich Composite Investable Index added 3.61% in 2007, after a 0.27% December return.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…