GAI March Update: -0.2% for Greenwich Global Index; Hedge Funds Show Mixed Results in March

April 23, 2012 - PRLog -- Stamford, CT, USA, April 23, 2012 –  The Greenwich Global Hedge Fund Index (“GGHFI”) shed 0.21% compared to global equity returns of +3.29% for  the S&P 500 Total Return index and +1.02% for the MSCI World Equity index.  Hedge fund managers were given the chance to highlight their abilities in March, as bifurcated markets produced divergent results among strategies.  Although 53% of constituent funds in the GGHFI ended the month with gains, the GGHFI declined marginally as Short-biased, Futures and Macro strategies produced negative returns.
“March was an interesting month for hedge funds as several strategies saw wide dispersions of returns across managers.  Long-Short Equity funds with overweight positions in technology stocks performed exceptionally well while others that expected more of a market correction lagged their benchmarks.  Market Neutral funds continued to demonstrate their performance and diversification benefits; both Event-Driven and Arbitrage focused managers gained for the third straight month this year.  The Greenwich Investable Indices also enjoyed a successful March, with the Composite and Long-Short Indices outpacing their Global Index benchmarks,” notes Clint Binkley, Senior Vice President.

Global Index Strategy Highlights

•   Market Neutral Funds lead other strategies with Convertible Arbitrage funds the best performers, up 1.30%
•   Long-Short Equity funds fall from previous estimate, showing flat returns in March; still best performing strategy year-to-date
•   Directional Trading funds lag other strategies, falling more than 1%; Futures managers now flat for the year
•   Developed market funds gain ground on Emerging market managers; North American focused funds were the best performers, gaining 0.52% on average

The GGHFI is one of the oldest benchmarks of the hedge fund universe.  Final Strategy and Regional index results for March will be available in early May, 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) is a leading alternative investment firm providing hedge fund indices, industry research, and index-linked products and services to institutional investors worldwide.

Contact:
Greenwich Alternative Investments
info@greenwichai.com
Stamford, CT 06905
www.greenwichai.com
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