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Hedge Funds up 1.3% in January.

GREENWICH, Conn. -- The Greenwich Global Hedge Fund Index (the "Index") returned +1.32% in January, according to hedge fund index provider Greenwich Alternative Investments, LLC, 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, and FTSE 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, Directional Trading 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 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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Publication:Business Wire
Date:Feb 14, 2007
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