Greenwich Index Ends Year Up 12%

Jan 15 2007 | 11:05am ET

The Greenwich Global Hedge Fund Index, formerly known as Greenwich-Van, posted another strong month to push its 2006 return to 12.07%, Greenwich Alternative Investments said. The index, which tracks over 1,000 funds, returned 1.49% in December, following November’s 2.04% jump.

Greenwich’s investable counterpart rode strong December returns to push its 2006 return into double-digits. The Greenwich Alternative Investable Hedge Fund Index added 1.78% in December to reach 10.76% on the year.

“That is extremely important as more and more investors realize it is hard to beat the ‘hedge fund market’ and look to allocate to ‘alternative beta,’” Greenwich general manager Ben Rossman said. “With an annualized return difference of less than one percent, the Investable Index has performed the way we intended it to, closely tracking both the return and risk profile of the Greenwich Global Hedge Fund Index.”

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