Greenwich-Van Hedge Fund Index Up In November

by Carla Johnson, Investors Offshore, London

19 December 2006

Greenwich-Van's Global Hedge Fund Index returned +2.04% in November (+10.54% YTD), said the company, adding that in future the company will be known as Greenwich Alternative Investments, LLC. The new name reflects the broadening scope of hedge fund investing and continued increase in institutional demand for alternative investments, says the company.

The names of the various Greenwich-Van Hedge Fund Indices will also adopt the new name and will now be known as the Greenwich Global Hedge Fund Indices and the Greenwich Investable Hedge Fund Indices. The name change is also heralded by a new logo and company website.

All four of the firms major strategy groups have positive year-to-date returns, said Greenwich-Van, with three out of four surpassing +10% through November.

As was the case in October, managers are presenting an even divided view for US equities in December, as 43% expect the S&P 500 to end the month higher, vs. 43% lower and 14% unchanged. Once again the majority of the managers continue to maintain a negative view on the US Dollar, as 64% are bearish vs. 29% bullish and 7% neutral. Lastly, the group has backed off their bearish stance on the US Treasury 10-year Note, as 50% report a bullish position vs. 36% bearish and 14% neutral.

The Greenwich Alternative Investments Hedge Fund Update is published monthly on or around the 10th business day as a service to institutions, plan sponsors, consultants, individual investors, fund managers and the financial services industry.

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