Results were positive across all strategies for the Greenwich Investable Indices in April, driven by strong equity markets. The monthly redemption Composite Index advanced by 1.28% while the quarterly exit Index gained 1.30%. Directional strategies were the best performers as Managed Futures funds gained more than 4%. The Greenwich Long-Short Equity Investable Index also advanced by 1.39% compared to a 2.96% advance in the S&P 500 Total Return Index. Market Neutral strategies continued a successful year as the Arbitrage and Equity Market Neutral Indices gained 0.86% and 0.43%, respectively.
“Despite a guarded approach to mitigating market volatility, most hedge fund strategies continue to capture the majority of upside moves. As expected, Directional strategies were most successful in April although year-to-date figures present a strong case for both absolute return and more market-sensitive strategies in the context of a diversified hedge fund portfolio,” said Clint Binkley, Senior Vice President.
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