Hedge funds performance index fell for fifth straight month in November
Dec 9th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Hedge funds as measured by the Greenwich Global Hedge Fund Index (GGHFI) declined for the fifth straight month, but only fractionally when compared with global equity returns during the month of November. Preliminary returns from managers reporting to the GGHFI show an average decline of -1.13% on the month, while the Greenwich Composite Investable Hedge Fund Index (GI2) declined -2.05%. This compares to global equity returns in the S&P 500 Total Return (-7.18%), MSCI World Equity (-6.72%), and FTSE 100 (-2.04%) equity indices.