Greenwich investable hedge fund indices climb in January
The Greenwich Composite Investable Index gained 0.60% in January to begin 2011 on a positive note.
Equity markets gave little pause in January and moved to fresh highs in the US and Europe. Most hedge funds captured the upside move in equities and fixed income – seven of nine Greenwich Investable Indices moved higher on the month, led by Arbitrage and Long-Short Credit strategies. The Greenwich Long-Short Equity Investable Index also advanced by 1.20%
“Markets continue to shrug off sovereign debt concern in Europe and inflation pressures in emerging markets. Strong corporate earnings in the US and improved economic numbers are the focus of most traders,” says Clint Binkley, Senior Vice President. “Hedge funds should continue to be successful in 2011 with ample trading opportunities in global markets due to growth and event-driven catalysts.”
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