Greenwich Hedge Fund Indices and Hedge Fund Database

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Hedge Fund Essentials

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GAI Global HF Indices

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GAI LiquidFunds HF Indices

Download Historical Indices

Weight Nov09

Total Return

3 Yr Annualized

5 Yr Annualized

Download Methodology

Nov09

Oct09

YTD

3Month

1YEAR

CAR

STD

CAR

STD

Global Hedge Fund Index *

100.0%

1.7%

-0.2%

18.4%

4.3%

19.2%

3.9%

8.1%

6.5%

6.9%

Market Neutral Group

19.9%

0.9%

0.5%

16.6%

3.6%

16.7%

3.7%

6.2%

5.5%

5.1%

Equity Market Neutral

5.3%

-0.1%

-0.2%

3.0%

0.0%

3.1%

2.4%

3.8%

4.5%

3.3%

Event-Driven

6.7%

1.6%

0.8%

23.1%

5.8%

22.5%

4.2%

7.9%

6.8%

6.6%

Distressed Securities

1.9%

2.7%

1.9%

22.7%

9.2%

18.6%

0.8%

8.9%

5.5%

7.3%

Merger Arbitrage

1.1%

0.7%

0.0%

7.4%

1.8%

9.7%

4.5%

4.6%

6.3%

3.9%

Special Situations

3.8%

1.6%

0.5%

28.2%

5.8%

28.9%

6.4%

8.9%

7.7%

7.4%

Arbitrage

7.8%

0.7%

20.3%

3.9%

21.3%

4.2%

7.2%

5.3%

5.7%

Convertible Arbitrage

1.5%

0.5%

0.7%

45.2%

5.1%

47.6%

-1.0%

16.5%

1.3%

13.0%

Fixed Income Arbitrage

3.1%

1.0%

1.6%

21.0%

5.8%

22.5%

5.1%

7.0%

5.9%

5.4%

Other Arbitrage

2.3%

1.3%

-0.6%

15.8%

2.0%

15.9%

6.3%

5.2%

7.2%

4.3%

Statistical Arbitrage

1.0%

-0.8%

1.0%

4.5%

0.9%

5.0%

4.0%

3.9%

5.4%

3.3%

Long/Short Equity Group

37.6%

2.0%

-0.9%

21.0%

4.3%

22.1%

2.2%

10.3%

6.0%

8.9%

Growth

9.2%

2.8%

-1.5%

24.9%

5.9%

26.4%

0.9%

13.1%

4.5%

11.2%

Opportunistic

7.4%

1.7%

-0.9%

15.1%

3.3%

16.1%

4.6%

8.8%

8.0%

8.2%

Short Selling

0.8%

-1.0%

2.3%

-14.1%

-1.3%

-15.0%

6.9%

12.4%

2.5%

11.6%

Value

20.3%

1.9%

-0.7%

22.7%

4.2%

24.0%

18.6%

13.6%

20.9%

14.0%

Directional Trading Group

22.0%

2.4%

-1.1%

4.4%

2.8%

5.9%

8.4%

6.0%

7.2%

5.9%

Futures

15.0%

2.8%

-1.4%

1.3%

2.9%

10.4%

8.2%

7.7%

8.1%

Macro

6.5%

1.3%

-0.3%

9.9%

2.5%

11.1%

5.8%

5.5%

6.5%

4.9%

Market Timing

0.5%

0.0%

-2.1%

11.9%

1.1%

13.6%

5.7%

6.8%

5.4%

5.7%

Specialty Strategies Group

20.5%

1.0%

1.2%

29.3%

6.2%

29.7%

4.8%

11.8%

8.4%

9.8%

Emerging Markets

9.6%

0.9%

1.4%

38.7%

8.5%

39.4%

4.1%

16.7%

9.8%

13.9%

Fixed Income

3.8%

0.5%

2.5%

22.6%

4.8%

22.5%

3.7%

6.2%

5.4%

4.9%

Multi-Strategy

7.0%

1.2%

0.1%

17.2%

3.6%

17.6%

6.2%

7.4%

7.6%

6.3%

Comparative Benchmark

Lehman Brothers Aggregate Bond

1.3%

0.5%

7.6%

2.9%

11.6%

6.4%

4.0%

5.5%

3.6%

S&P 500

6.0%

-1.9%

24.1%

7.9%

25.4%

-5.8%

19.9%

0.7%

16.1%

MSCI World Equity Index

3.9%

-1.9%

24.9%

5.8%

28.7%

-7.6%

21.6%

0.4%

17.6%

FTSE 100

2.9%

-1.7%

17.1%

5.7%

21.0%

-5.0%

18.0%

2.0%

14.9%

* The GGHFI most recent reported month’s return is an estimate which will be finalized by the end of the following month after additional funds have reported.

Explanatory notes

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