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.”


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...