reenwich Mid-Month Update: Hedge Funds Improve +0.79% in April

May 13, 2013 - PRLog -- Greenwich Mid-Month Update: Hedge Funds Improve +0.79% in April

Stamford, CT, USA, May 13, 2013 – Hedge funds were up +0.79% in April posting their fourth straight month of growth in April. Distressed Securities managers led all strategies, adding +2.98% during the month. Regionally, managers focusing on Asia’s developed markets also had a strong month, up +3.39%. Equity markets, as measured by the S&P 500 TR and MSCI World Price Index, increased by +1.93% and +2.90% respectively. 66% of reporting funds reported positive performance for the month.

Global Index Strategy Highlights
•   Distressed Securities is now the top strategy performer for 2013. April saw strong growth of nearly +3% on average during the month, increasing the strategy’s YTD performance to +7.99%. Macro and Event-Driven managers also saw strong performance in April adding +1.73% and +1.51% respectively.
•   Long-Short Equity managers reported more tepid growth in April (+0.37%), as many managers seemed to be surprised at the extent of the rally in equities. The Value sub-strategy continues to be the best performer in the group, up +0.71% in April and +6.85% YTD.  It is also the second best performing hedge fund strategy YTD behind Distressed Securities.
•   April saw a return of 3.39% on average for hedge funds investing in Asia - Developed Markets, making this the strongest regional performer YTD (+11.78%). Continued Bank of Japan policy in April led the Nikkei 225 to a rise of +11.8% for the month.

Strategy Group Summary   April   YTD
                                          2013   Return
Greenwich Global Hedge Fund Index   0.79%   4.36%
Market Neutral Group   0.92%   4.30%
 Equity Market Neutral   -0.01%   2.22%
 Event-Driven   1.51%   5.68%
     Distressed Securities   2.98%   7.99%
     Merger Arbitrage   0.83%   1.43%
     Diversified Event-Driven   1.13%   5.90%
 Arbitrage   0.83%   3.99%
     Convertible Arbitrage   1.33%   6.07%
     Fixed Income Arbitrage   1.18%   3.72%
     Other Arbitrage   -0.17%   3.03%
Long-Short Equity Group   0.37%   5.58%
 Growth   0.12%   5.60%
 Opportunistic   0.39%   3.69%
 Short-Biased   -4.77%   -10.33%
 Value   0.71%   6.85%
Directional Trading Group   1.36%   2.66%
 Futures   1.22%   1.95%
 Macro   1.73%   4.39%
Specialty Strategies Group   0.96%   3.53%
 Long-Short Credit   0.83%   2.98%
 Multi-Strategy   1.07%   3.93%

Greenwich Regional Hedge Fund Indices   April   YTD
Developed Markets   2013   Return
 Composite   0.83%   4.79%
 Global   1.01%   3.63%
 Asia   3.39%   11.78%
 Europe   0.01%   3.48%
 North America   0.19%   4.90%
      
Emerging Markets      
 Composite   0.73%   2.37%
 Emerging Markets Global   1.42%   2.63%
 Emerging Markets Asia   0.92%   4.45%
 Emerging Markets Europe   -0.60%   -1.76%
 Emerging Markets Latin America/SA   0.27%   2.55%

The GGHFI is one of the oldest benchmarks of the hedge fund universe.  Final Strategy and Regional index results for April will be available in early June, 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) manages one of the world’s largest hedge fund databases and is among the oldest providers of hedge fund indices, asset management services, and research to institutional investors worldwide.

Contact:
Greenwich Alternative Investments
Stamford, CT 06905
info@greenwichai.com
www.greenwichai.com