Hedge Funds up 8% YTD Through April.GREENWICH Greenwich, borough, Greater London, England Greenwich (grĭn`īj, grĕn`–), outer borough (1991 pop. 200,800) of Greater London, SE England, on the Thames River. Manufactures include telephone equipment and underwater cable. , 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 gained +2.23%, outperforming the S&P 500 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 in April, 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. hedge fund index provider Greenwich-Van Advisors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . "The hedge fund rally continues," notes Wade McKnight, Greenwich-Van Vice President. "The Futures Index was the top-performing in April, while the Emerging Markets Index leads on a year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. basis. The US equity market volatility and the continuing strong markets in Europe helped 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. Indices." More than 85% of the 757 Funds included have reported a positive return. Final Index results will be calculated and posted at www.vanhedge.com the end of May after additional funds have reported.
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Apr-06 YTD
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Greenwich-Van Global Hedge Fund Index 2.23% 7.97%
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S&P 500 1.34% 5.61%
MCSI World Equity Index 2.87% 9.19%
Lehman Brothers Aggregate Bond Index -0.18% -0.82%
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Greenwich-Van Global Market Neutral Group Index 1.34% 5.83%
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GV Global Distressed Securities Index 2.70% 7.81%
GV Global Merger Arbitrage Index 0.74% 5.88%
GV Global Special Situations Index 1.53% 7.41%
GV Global Convertible Arbitrage Index 0.47% 5.49%
GV Global Fixed Income Arbitrage Index 1.25% 3.65%
GV Global Statistical Arbitrage Index 1.19% 5.06%
GV Global Other Arbitrage Index 1.12% 5.48%
GV Global Equity Market Neutral Index 1.82% 5.21%
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Greenwich-Van Global Long/Short Equity Group Index 1.60% 8.64%
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GV Global Aggressive Growth Index 0.85% 8.85%
GV Global Opportunistic Index 2.37% 10.28%
GV Global Short Selling Index -0.57% -5.89%
GV Global Value Index 1.83% 8.81%
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Greenwich-Van Global Directional Trading Group Index 4.76% 8.05%
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GV Global Futures Index 5.92% 9.46%
GV Global Macro Index 2.34% 5.29%
GV Global Market Timing Index 2.35% 5.26%
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Greenwich-Van Global Specialty Strategies Group Index 2.65% 10.01%
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GV Global Emerging Markets Index 4.00% 14.03%
GV Global Income Index 0.34% 2.74%
GV Global Multi-Strategy Index 2.64% 8.12%
Greenwich-Van Investable Index The Greenwich-Van Investable Hedge Fund Index gained 1.18% in April (+6.14% YTD See Year-to-date. YTD See year to date (YTD). ). The Investable Index, comprised of 49 funds, adds investability, active management and liquidity to the diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. 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 11.52% versus 12.87% for the Greenwich-Van Global Hedge Fund Index. Its correlation of 0.94 and Beta of 0.89 to the Greenwich-Van 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.vanhedge.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 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. Accuracy of compiled information reported by managers is not audited or independently verified ver·i·fy tr.v. ver·i·fied, ver·i·fy·ing, ver·i·fies 1. To prove the truth of by presentation of evidence or testimony; substantiate. 2. 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. |
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