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GAI Greenwich Global Hedge Fund Index Slips 15 Points in December
Hedge funds measured by Greenwich Global Hedge Fund Index posted mixed results in December. Market Neutral funds averaged best results for the month. GGHFI shed 0.15% compared to benchmark indices. 51% of constituent funds ended the month with gains.
“US equities ended 2011 essentially unchanged but endured significant volatility throughout the year. Hedge funds focused on market neutral strategies were above average performers for the month and the year as they were able to withstand the market uncertainty. Looking forward, we expect Directional and Long-Short strategies to have better performance as the global economy continues to stabilize,” notes Clint Binkley, Senior Vice President.
Hedge Fund Strategy Highlights
• Event Driven funds lead hedge fund strategies, advancing 0.91% on average
• Long-Short Equity funds trail other averages, falling 0.70%
• Long-Short Credit funds are the best performers on the year, gaining more than 4%
• Developed market funds show substantially better returns than Emerging market managers on a monthly and yearly basis; Asia is the weakest region for the year
The GGHFI is one of the oldest benchmarks of the hedge fund universe. Finalized Strategy and Regional index results for December will be available in early February, 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.
Greenwich Alternative Investments
Stamford, CT 06905
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