Greenwich Van Hedge Fund Index 12% Up In 2006

by Carla Johnson, Investors Offshore.com

10 January 2007

The Greenwich Global Hedge Fund Index returned 1.53% in December according to a preliminary report released today by Greenwich Alternative Investments, LLC, a leading hedge fund index provider. The Greenwich Global Index is now up 12.23% for 2006.

“Hedge funds finished the year on strong footing, rallying during the months of October, November and December to yield Q4 returns of 5.33%,” noted Ben Rossman, General Manager of the Database and Indexation Group.

“December’s strong equity markets favored long-biased strategies, but of course had the opposite affect on dedicated short sellers. Futures strategies fared well amid the significant drop in energy prices. Emerging Markets strategies continued to outperform, posting year-end 2006 returns just above 22%," he added.

The Greenwich Global Hedge Fund Index represents the average performance, net of fees, of hedge fund managers that report to Greenwich Alternative Investments.

Updated Index results for December 2006, based on a larger sample of funds, will be released in mid-January. Final December results will be available at the end of January.

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