Red Rocks Global Listed Private Equity (GLPE) Index Retreats in Q4-2018 as Volatility Overshadows Healthy Private Company Growth
January 31, 2019
DENVER–(BUSINESS WIRE)–Red Rocks Capital announced today that its Global Listed Private Equity
(GLPE) Index retreated during the fourth quarter of 2018, down 18.66%,
during what was a highly volatile global market environment.
Public market sentiment, global trade issues, a strong US dollar, BREXIT
and weak European growth were some of the factors that overshadowed
healthy organic growth in private companies across the GLPE Index.
| Annualized Returns | |||||||||||||||||||||||
| Q4 2018 | 1 YEAR | 3 YEAR | 5 YEAR | 10 Year | |||||||||||||||||||
| Global Listed Private Equity (GLPE) Index | -18.66% | -14.53% | 5.98% | 3.36% | 12.95% | ||||||||||||||||||
| MSCI All Country World Index | -12.67% | -8.95% | 7.19% | 4.85% | 10.08% | ||||||||||||||||||
| MSCI All Country World Small-Midcap Index | -15.67% | -13.15% | 5.91% | 4.10% | 11.56% | ||||||||||||||||||
| S&P Global REIT Index | -5.50% | -4.77% | 3.41% | 6.43% | 11.29% | ||||||||||||||||||
| HFRX Global Hedge Fund Index | -5.56% | -6.72% | 0.45% | -0.59% | 1.55% | ||||||||||||||||||
Source: Bloomberg, as of 12/31/2018
“Very few asset classes were unaffected by the global market volatility
in the fourth quarter of 2018,” said Richard Baker, Red Rocks GLPE Index
Product Manager. “While the GLPE Index underperformed broader equities,
private companies owned by listed private equity firms continued to show
strong fundamentals and healthy organic growth, creating favorable
valuations in the sector.”
ABOUT THE RED ROCKS GLOBAL LISTED PRIVATE (GLPE) EQUITY INDEX
Comprised of 40 to 75 listed private equity companies, he GLPE Index
provides broad exposure to the growth and returns generated by over
2,500 private companies. For more information, visit the GLPE index
website, www.glpeindex.com
IMPORTANT DISCLOSURES
This information has been prepared by Red Rocks Capital from data
believed to be reliable, but no representation is made as to accuracy or
completeness. The results portrayed reflect the reinvestment of
dividends and other earnings. The index included securities that track
the performance of private equity firms that are publicly traded.
Past performance is no guarantee of future results. Index
returns shown are not reflective of actual investor performance or do
they reflect fees and expenses applicable to investing.
Global Listed Private Equity (GLPE) Index: designed to track the
performance of private equity firms which are publicly traded on any
nationally recognized exchange worldwide.
MSCI All Country World Index: a market capitalization weighted index
designed to provide a broad measure of equity-market performance
throughout the world.
MSCI All Country World Small-Midcap Index: captures mid and small
cap representation across 23 Developed Markets (DM) and 24
Emerging Markets.
S&P Global REIT Index: a comprehensive benchmark of publicly traded
equity REITs listed in both developed and emerging markets.
HFRX Global Hedge Fund Index: An index designed to be representative of
the overall composition of the hedge fund universe, based on defined and
predetermined rules and objective criteria to select and rebalance
components to maximize representation of the Hedge Fund Universe.
One cannot invest directly in an index.
None of the information contained here constitutes a solicitation,
offer, opinion, or recommendation by Red Rocks Capital LLC to buy or
sell any security, or to provide legal, tax, accounting, or investment
advice or services regarding the profitability or suitability of any
security or investment.
Contacts
Red Rocks GLPE Index Product Manager
Richard Baker
richard.baker@redrockscapital.com