Greenwich Mid-Month Update: Hedge Funds Bounce Back +1.64% in September

Hedge funds bounced back in September with the Greenwich Global Hedge Fund Index gaining +1.64% along with equity markets as measured by the S&P500, up +3.1%, MSCI World, up +4.8% and FTSE 100, up +0.8%.
 
Oct. 16, 2013 - PRLog -- Greenwich, CT, USA, October 15, 2013 – Hedge funds bounced back in September with the Greenwich Global Hedge Fund Index gaining +1.64% along with equity markets as measured by the S&P500, up +3.14%, MSCI World, up +4.82% and FTSE 100, up +0.77%.  76% of the Global Index’s constituents reported positive returns.

Global Index Strategy Highlights

The Long-Short Equity group outperformed all major strategies gaining +3.11% in September. The group was led by Long/Short Growth funds which were up +3.77% for the month.  The group’s gains were dampened by Short-Biased funds which posted a loss of -4.58% for September.
Distressed Securities rebounded from August losses to gain +2.65% in September, cementing their place as the top performers in 2013 up +13.86%.
Futures managers continued to struggle in September posting a small negative return of  -0.38% and a 2013 YTD return of -3.26%.
Reacting to the US Fed’s decision to not start tapering, Emerging Markets showed strong growth in September with the Emerging Market Composite Index increasing by +3.92%. Latin American focused funds particularly outperformed this month growing +5.83% in September.

Strategy Group Summary

September

August

YTD

2013

2013

Return

Greenwich Global Hedge Fund Index


1.64%

-0.61%

5.34%

Market Neutral Group

1.55%

-0.28%

6.47%

   Equity Market Neutral

0.88%

-0.44%

2.51%

   Event-Driven

2.05%

-0.23%

9.71%

       Distressed Securities

2.65%

-0.56%

13.86%

       Merger Arbitrage

0.61%

-0.13%

3.44%

       Diversified Event-Driven

2.30%

-0.07%

9.46%

   Arbitrage

1.42%

-0.23%

5.18%

       Convertible Arbitrage

1.80%

-0.23%

9.71%

       Fixed Income Arbitrage

0.67%

0.11%

4.17%

       Other Arbitrage

2.82%

-0.47%

6.46%

Long-Short Equity Group

3.11%

-0.88%

9.68%

   Growth

3.77%

-0.73%

10.26%

   Opportunistic

2.28%

-0.58%

7.43%

   Short-Biased

-4.58%

2.08%

-16.04%

   Value

3.27%

-1.12%

11.24%

Directional Trading Group

-0.09%

-0.58%

-1.66%

   Futures

-0.38%

-0.41%

-3.26%

   Macro

0.65%

-0.98%

2.25%

Specialty Strategies Group

1.24%

-0.34%

3.54%

   Long-Short Credit

1.29%

0.01%

3.63%

   Multi-Strategy

1.21%

-0.61%

3.42%

Greenwich Regional Hedge Fund Indices

September

August

YTD

Developed Markets

2013

2013

Return


   Composite Regional Index

1.62%

-0.50%

6.55%

   Global Regional Index

1.10%

-0.62%

2.68%

   Asia Regional Index

3.04%

-0.97%

13.52%

   Europe Regional Index

2.19%

-0.23%

7.56%

   Americas Regional Index

1.79%

-0.33%

9.22%

Emerging Markets

   Composite Regional Index

3.92%

-1.38%

0.42%

   Global Regional Index

2.88%

-2.23%

0.28%

   Asia Regional Index

3.78%

-0.39%

4.84%

   Europe Regional Index

2.88%

-1.76%

-3.63%

   Americas Regional Index

5.83%

-1.69%

-4.01%

The GGHFI is one of the oldest benchmarks of the hedge fund universe. Final Strategy and Regional index results for September will be available in early November, 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 Investment

info@greenwichai.com (mailto:aboucher@greenwichai.com)

Greenwich, CT 06831

Direct +1 203.487.6180

www.greenwichai.com
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