Hedge Funds Start 2007 On High Note

by Phillip Morton, Investors Offshore

09 February 2007

The Greenwich Global Hedge Fund Index returned 1.40% in January according to a preliminary report released this week by Greenwich Alternative Investments, LLC, a leading hedge fund index provider.

“Hedge funds posted solid January returns across strategies,” noted Ben Rossman, General Manager of the Database and Indexation Group, adding: “January’s strong equity markets, which favoured long-biased funds, penalized dedicated short sellers. Convertibles were helped by the continued tightening of credit spreads, owing to increased investor appetite for yield.”

Updated Index results for January 2007, based on a larger sample of funds, will be released in mid-February. Final January results will be available at the end of February.

Greenwich Alternative Investments (and its affiliates) manages one of the world’s largest hedge fund databases and is among the oldest providers of hedge fund indices, research, and solutions to institutional investors worldwide.

The Greenwich index finished 2006 on a strong note after fourth quarter gains of 5.33% boosted overall returns for the year to 12.23%.

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