Red volatility graph

Hedge funds outperform equity benchmarks in turbulent markets, says GGHFI

Tue, 12/07/2011 - 14:53

Hedge funds as measured by the Greenwich Global Hedge Fund Index (GGHFI) navigated volatile markets to finish the month with a slight loss. The GGHFI shed 1.32% compared to global equity returns in the S&P 500 Total Return (-1.67%), MSCI World Equity (-1.73%), and FTSE 100 (-0.74%) equity indices.  28% of constituent funds in the GGHFI ended the month with gains.
 

Short-biased and fixed income arbitrage funds posted positive results for the month, while long-short equity managers declined 1.06%, less than equity benchmarks. Managed futures funds meanwhile slid 2.39% on intra-month selloff in equities and commodities.

Long-short credit and fixed income arbitrage funds lead hedge funds on year-to-date basis, up 4.62% and 4.12%, respectively, while emerging market funds declined marginally more than developed market managers and US/Canada funds are clear winners for the year, up nearly 3%.


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