Hedge Funds Deliver 50% More Than S&P YTD.GREENWICH, Conn. -- The Greenwich-Van Global Hedge Fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" Index returned -0.40% in June (+0.19% 2Q06; +5.82% YTD See Year-to-date. YTD See year to date (YTD). ), according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Greenwich-Van Advisors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . In comparison, the S&P 500, MSCI World The MSCI World is a stock market index of 'world' stocks. It is maintained by Morgan Stanley Capital International. The index includes a selection of stocks of all the developed markets in the world, as defined by MSCI. Equity Index and the Lehman Brothers Aggregate Bond Index Lehman Brothers Aggregate Bond Index A benchmark index made up of the Lehman Brothers Government/Corporate Bond Index, Mortgage-Backed Securities Index, and Asset-Backed Securities Index, including securities that are of investment-grade quality or better, have at least one year to returned +0.14% (-1.44% 2Q06; +2.71% YTD), -0.18% (-1.13% 2Q06; +4.94% YTD) and +0.21% (-0.08% 2Q06; -0.72% YTD), respectively in June. "While hedge fund returns in May and June have slowed, over expanded periods of time they continue to present compelling evidence that hedge fund exposure has proven beneficial," noted Wade McKnight, Greenwich-Van. "Over the past 6 and 12 months, hedge funds have delivered 50% more return than the S&P 500, with much less volatility. Over the past 60 months, hedge funds generated over 100% more return than the S&P 500 and MSCI World Equity Indexes, with roughly a third of the volatility." The July Index included 850 funds. Final results will be calculated and posted at www.greenwich-van.com the end of July after additional funds have submitted returns. Greenwich-Van Investable Index The Greenwich-Van Investable Hedge Fund Index returned -0.69% in June (-0.96% 2Q06, +3.90% YTD). The Investable Index, comprised of 51 funds, adds investability, active management and liquidity to the diversification and performance benefits of the broad Greenwich-Van Global Hedge Fund Index. Since inception January 2003, the Investable Index achieved an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. return of 10.27% versus 11.58% for the Global Hedge Fund Index. Its correlation of 0.95 and Beta of 0.91 to the Global Hedge Fund Index further demonstrate the Investable Index's ability to track the hedge fund universe. The Investable Index is reported monthly net of a 0.04% Index calculation fee. Past performance and Greenwich-Van Hedge Fund Indices construction rules may be viewed at www.greenwich-van.com. Greenwich-Van Advisors, LLC manages one of the world's largest hedge fund databases and is among the oldest providers of hedge fund indices and research to investors. Accuracy of information reported by managers is not audited or independently verified and may not represent all hedge funds. Greenwich-Van does not necessarily perform due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. on reporting managers. Hedge fund returns are net of underlying fees and performance allocations. Timing of fee and performance allocations may affect the reported performance. Averages are equally weighted. Past results are not indicative of future performance. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion