Greenwich Alternative Investments

Hedge funds posted another month of growth in May, rising 0.5% on average. Distressed Securities was once again the strongest performing strategy, gaining 3.0%. Equity markets were mixed during the month, as the S&P 500 TR up and MSCI World down.

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.

Hedge funds were up 0.8% in April posting fourth straight month of growth in April. Distressed Securities managers led all strategies. Regionally, Asia’s developed markets also had a strong month. 66% of constituents reported positive performance.

Hedge funds continued to improve through April, adding +0.97% during the month on average, and bringing the Greenwich Global Hedge Fund Index YTD performance up to +4.54%. All primary strategies reported gains for April.

Hedge funds are off to a good start in 2013 adding +1.18% on average in March and closing out the first quarter of 2013 up +3.86%. US equity markets lead the world. Two-thirds of all constituent funds reported positive gains for March.

Hedge funds are off to a good start for 2013 as the first quarter comes to a close.

Hedge funds show mixed results for February but all strategies remain positive YTD in what was a difficult environment for many hedge funds. Initial estimates reveal February’s leading strategy is Event-Driven followed by Long-Short Equity.

Hedge funds began 2013 with positive results, returning an average of +2.45% in January. Many hedge fund managers seem to be maintaining caution going into 2013 as several issues remain unsettled. The GGHFI average trailed global equity indices.

All hedge fund strategies reported positive returns for January on average. Long-Short Equity managers led the way, posting a strong +3.66% on average. Long-Short Credit managers are next, returning +2.39%. Multi-strategy followed with +2.23%.

Hedge fund managers finished 2012 on a high note, up 1.42% in December to end YTD up 6.10%. Every major strategy reported positive December results. GGHFI outperformed the S&P 500 Total Return. 75% of constituent funds ended the month with gains.