Greenwich Global Hedge Fund Index up +0.49% in May

June 5, 2013 - PRLog -- Stamford, CT, USA, June 5, 2013

Hedge Fund Strategy Highlights

•   Hedge funds had mixed results in May with nearly a perfect 50/50 split between gainers and losers. Over all, the Greenwich Global Hedge Fund Index showed modest growth of +0.49% in preliminary May results.
•   Long-Short Equity managers and Event-Driven managers contributed the most to the industry’s gains adding +2.13% and +1.88% respectively in May. May’s gains bring these strategy’s year-to-date numbers up to +7.91% for Long-Short Equity managers and +7.23% for Event driven managers on average.
•   Event driven managers benefited from the unusually large number of new deals announced in May while the equity markets’ fairly steady rise throughout May contributed to the large increase in Long-Short Equity managers’ portfolios.


Strategy Index Flash Returns   May
Return      YTD Return
               
Greenwich Global Hedge Fund Index   0.49%      4.80%
               
   Equity Market Neutral   -0.21%      2.05%
   Event-Driven   1.88%           7.23%
   Arbitrage   0.15%      4.19%
   Long-Short Equity      2.13%      7.91%
   Futures   -2.58%      -0.80%
   Macro      -1.14%      2.67%
   Long-Short Credit      -0.33%      2.82%
   Multi-Strategy   -1.11%      2.52%


The Greenwich Global Hedge Fund Index is one of the oldest benchmarks of the hedge fund universe. Full Strategy and Regional results for May will be available in mid-June, once additional funds have submitted returns. Final Index results will be available on the third business day in July. Past performance and index 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.

Contact:
Allison Boucher, Vice President
aboucher@greenwichai.com
4 High Ridge Park
Stamford, CT 06905
Direct +1 203.487.6180