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April 10, 2006
Hedge funds up 5.62% during 1Q06 - biggest quarterly gain since 2Q03
The Greenwich-Van Global Hedge Fund Index returned 1.88% in March according to a preliminary report released today by Greenwich-Van Advisors, LLC, a leading hedge fund index provider. By comparison, the S&P 500, the NASDAQ and the Dow Jones Europe Stoxx each returned 1.25%, 2.56% and 2.92%, respectively. The Lehman Brothers Aggregate Bond Index lost -0.98%.
"Hedge Funds posted their biggest quarterly showing since 2Q03," notes Wade McKnight, Vice President of Greenwich-Van. "Emerging market and equity-based managers provided the most meaningful contribution to first quarter returns. Approximately 90% of reporting hedge fund managers delivered positive results. With a gain over each of the last 17 calendar years, the Index underscores hedge funds' reputation as absolute return vehicles. Since inception, the Index has produced a net 15.6% compound annualized return."
March 2006 Greenwich-Van Global Hedge Fund Index preliminary results included 377 funds. An updated March Index return, based on a larger sample of funds will be released mid-April; final results will be available the end of April.
The Index represents average performance, net of fees, of hedge fund managers reporting to Greenwich-Van. Greenwich-Van does not necessarily perform due diligence on reporting managers and the accuracy of information reported is not independently verified and may not be representative of all hedge funds. Hedge fund returns are net of underlying fees and performance allocations. Averages are equal-weighted. Past performance and index construction methodology are available at www.vanhedge.com. Past results are not indicative of future performance.
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 worldwide.
-Greenwich-Van Advisors, LLC-
Posted by su at April 10, 2006 3:33 PM