Hedge Funds up 1.3% in January.GREENWICH, Conn. -- The Greenwich 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 (the "Index") returned +1.32% in January, according to hedge fund index provider Greenwich Alternative Investments, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , while the Greenwich Investable Hedge Fund Index closely followed, posting +1.29%. By comparison, the S&P 500, MSCI World Equity Index, Lehman Aggregate Bond Index Lehman Aggregate Bond Index An index used by bond funds as a benchmark to measure their relative performance. The index comprises government securities, mortgage-backed securities, asset-backed securities and corporate securities to simulate the universe of bonds in the market. , and FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. 100 returned +1.51%, +1.12, -0.04%, and -0.28%, respectively. "January performance is attributable to positive returns across all hedge fund strategies," notes Ben Rossman, General Manager. "Roughly 90% of reporting funds posted positive returns for the month." Thus far, the January Index includes 1,068 funds. Final results will be posted at month end. Global Strategy Group Summary The Market Neutral Group gained +1.53%, marking the 15th consecutive month of positive performance. The Long/Short Equity Long/Short Equity A hedge fund strategy that involves buying certain stocks long and selling others short. There usually isn't a restriction on the country that the stocks trade in either. , Directional Trading Directional Trading A general term referring to the strategy used by investors that open positions, either long or short, on the belief that they are able to correctly predict the movement of price in a security. Notes: Simple investing. and Specialty Strategies Groups returned +1.33%, +1.21%, and +0.99%, respectively in January. Greenwich Investable Index The Investable Index, comprising 51 funds, is designed to mirror the performance of the broad hedge fund universe and adds investability, active management and liquidity to the diversification and performance benefits of the Greenwich Global Hedge Fund Index. Since its inception in January 2003, the Investable Index has 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 +10.81% versus +11.77% for the Greenwich Global Hedge Fund Index. About Greenwich Alternative Investments Greenwich Alternative Investments 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. Further information is available at www.greenwichai.com Accuracy of information reported by managers is not necessarily audited or independently verified and may not represent all hedge funds. Index returns are net of underlying fees, the timing of which may affect reported performance. Past results are not indicative of future performance. Further information is available at www.greenwichai.com. |
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