Hedge funds as measured by the Greenwich Global Hedge Fund Index (GGHFI) advanced during the month of April to move solidly into positive territory for 2009.
The GGHFI returned +3.49% while the Greenwich Composite Investable Index (GI2) gained +0.43% during the month, compared to global equity returns in the S&P 500 Total Return +9.57%, MSCI World Equity +10.91%, and FTSE 100 +8.09% equity indices.
Year-to-date, the GGHFI and the GI2 have returned +3.91% and -2.81%, respectively, while the S&P 500 Total Return, MSCI World Equity, and FTSE 100 Indices have lost -2.50%, -2.96%, and -4.48%, correspondingly. 72% of constituent funds in the GGHFI ended the month with gains.
L.D.