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September 20, 2006
August puts hedge funds back on track for double digit 2006
The Greenwich-Van Global Hedge Fund Index returned +0.97% in August (+6.65% YTD), according to Greenwich-Van Advisors, LLC. In comparison, the S&P 500, MSCI EAFE, Nikkei 225 and the Lehman Brothers Aggregate Bond Index returned +2.38% (5.80% YTD), +2.78% (+14.71% YTD), +4.42% (+0.18% YTD) and +1.53% (+2.16% YTD), respectively in August.
"All reported hedge fund strategies are positive year-to-date," notes Wade McKnight, Vice President of Greenwich-Van.
The Long/Short Equity Group returned +1.43% in August (+6.79% YTD). The Specialty Strategies Group, comprised of emerging markets, income and multi-strategy hedge fund strategies, returned +0.81% (+8.35% YTD). The Market Neutral Group yielded +0.75% (+7.28% YTD). The Directional Trading Group, comprised of futures, market timing and macro-oriented hedge fund strategies, returned +0.40% (+2.97% YTD).
901 funds have reported thus far. Final Index results will be calculated and posted at www.greenwich-van.com the end of September after additional funds have submitted returns.
Greenwich-Van Investable Index
The Greenwich-Van Investable Hedge Fund Index returned +0.88% in August (+5.09% YTD). The Investable Index, comprised of 45 funds, adds investability, active management and liquidity to the diversification and performance benefits of the broad Greenwich-Van Global Hedge Fund Index. Since inception, January 2003, the Investable Index achieved an annualized return of +10.12% versus +11.26% for the Greenwich-Van Global Hedge Fund Index. Its correlation of 0.95 and Beta of 0.90 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.greenwich-van.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 worldwide.
Accuracy of compiled manager reported information is not audited or independently verified and may not represent all hedge funds. Greenwich-Van does not necessarily perform due diligence on reporting managers. Hedge fund returns are net of underlying fees and performance allocations, the timing of which may affect the reported performance. Averages are equally weighted. Past results are not indicative of future performance.
-Greenwich-Van Advisors-
Posted by su at September 20, 2006 11:01 AM