Opalesque Ltd., a leading provider of online information services to the alternative investment industry, today announced the estimated November results for its series of indices tracking emerging hedge fund and managed futures fund managers. Calculations are based on currently 310 funds listed in the Emanagers database, the industry's only database dedicated exclusively to hedge fund management firms less than 48 months old and with assets under management of less than $600 million at the time of the firm's inception.
According to a first estimation*, The Emanagers Total Index, consisting of both hedge funds (65%) and managed futures funds (35%), lost 0.44% In November and is down 1.52% year to date. Historically, the index returned 34.5% in 2009 and 18.7% in 2010, adding to a cumulative return of 57.28%. Funds listed in the Emanagers Database thus outperformed all major hedge fund indices as well as equities over the last 3 years.
Both hedge funds and managed futures funds lost ground in November, with the Emanagers Hedge Fund Index declining 0.22% (-1.21% YTD) and the Emanagers CTA Index losing 0.64% (-0.99% YTD).
Emerging manager hedge funds and CTA......................