Red volatility graph

Hedge funds outperform equity benchmarks in turbulent markets, says GGHFI

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%.

Further reading



Upcoming training

Mon, 12/05/2014 (All day) - Dubai
Tue, 13/05/2014 (All day) - Dubai