“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
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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.