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Greenwich Hedge Funds Indices Post Modest Losses in November

Hedge funds, measured by the GGHFI, posted losses in November losing ground during the latter half of the month on weak fundamentals in European markets. The GGHFI shed 1.1% compared to benchmarks. 39% of constituent funds ended the month with gains.

Dec. 8, 2011 - PRLog -- Stamford, CT, USA, December 8, 2011 – Hedge funds as measured by the Greenwich Global Hedge Fund Index (“GGHFI”) posted losses in November, losing ground during the latter half of the month on weak fundamentals in European markets.  The GGHFI shed 1.05% compared to global equity returns in the S&P 500 Total Return (-0.22%), MSCI World Equity (-2.69%), and FTSE 100 (-0.70%) equity indices.  39% of constituent funds in the GGHFI ended the month with gains.

“European headlines continue to dictate the mood of global markets and cause increased volatility in equities.  Hedge fund managers have decreased leverage and exposure to mitigate market risk but are still exposed to broader moves,” notes Clint Binkley, Senior Vice President.  

Hedge Fund Strategy Highlights

•   Directional Trading funds lead hedge fund strategies, advancing 0.17% on average
•   Market Neutral Funds move sideways, losing 0.35%.  Equity Market Neutral funds are best performers in the group, gaining 5 bps.
•   Long-Short Equity funds trail other averages, falling 2.40%
•   Developed market funds show substantially better returns than Emerging market managers; Composite Regional Indices post returns of -0.55% and -4.53%, respectively

The GGHFI is one of the oldest benchmarks of the hedge fund universe.  Final Strategy and Regional index results for November will be available in early January, once additional funds have submitted returns.  Past performance and indices construction rules for all Greenwich Hedge Fund Indices may be viewed at www.greenwichai.com.

About Greenwich Alternative Investments

Greenwich Alternative Investments, LLC (and its affiliates) is a leading alternative investment firm providing hedge fund indices, industry research, and index-linked products and services to institutional investors worldwide.

Greenwich Alternative Investments
Stamford, CT 06905
+1 203.487.6180

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GreenwichAI is the world’s leading pioneer of hedge fund related investment indices and services. Our broad and integrated offering spans the entire hedge fund investment spectrum, including research, indices, analytics and manager data.

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Tags:Hedge Fund Index, Hedge Fund Indices, Hedge Fund, Hedge Funds, Hedge Fund Commentary, Alternative Investments
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