Hedge Funds Return +1.30% in August; Up +7.0% 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 +1.30% in August 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. a preliminary report released today by Greenwich-Van Advisors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a leading hedge fund index provider. In comparison, the S&P 500, NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on , Nikkei 225 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 +2.38%, +4.41%, +4.42% and +1.53%, respectively. "Hedge fund returns bounced back in August after increased market volatility over the summer spooked many hedge fund managers which created selling pressure," notes Wade McKnight, Vice President of Greenwich-Van. "Better than expected earnings growth and a pause in interest rate tightening created an attractive trading environment for most equity and fixed income strategies. Emerging market managers, followed by equity-based strategies delivered the strongest results in August, while, not surprisingly, short sellers delivered the weakest result. Many weak performing strategies early in the summer proved to be the strongest contributors to August index results." The Index represents the average performance, net of fees, of hedge fund managers that report to Greenwich-Van. Past performance and index construction methodology may be viewed at www.greenwich-van.com. The August 2006 Greenwich-Van Global Hedge Fund Index preliminary results included 324 funds. An updated August return for the Index, based on a larger sample of funds, will be released in mid-September; final results will be available at the end of September. Additional Greenwich-Van Indices, which show average August hedge fund performance for individual investment strategies and broad strategy groups, will also be available at mid-month and month-end. 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 institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. worldwide. The accuracy of information reported by managers is not independently verified and may not be representative of 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 equal-weighted. Past results are not indicative of future performance. |
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