Florian Guldner, Opalesque Research:
July was another strong month for emerging manager hedge funds and managed futures funds, according to a first estimation based on the data of 298 funds listed in Opalesque Solutions' Emanagers database.
The Emanagers Total Index advanced 2.50% last month and is up 4.13% in 2012. Estimates for June and May were corrected to -0.11% and -0.63% respectively. Since inception in January 2009, the index posted compounded returns of 63.3% and outperformed both the global stock market and hedge fund indexes.
Over the last 12 months, the index saw 8 negative and 4 positive months but still gained 0.71% and outperformed both the Eurekahedge Hedge Fund Index (-2.32%) and the MSCI World Index (-4.24%).
Both hedge funds and managed futures funds made profit in July: The Emanagers Hedge Fund Index rose 1.29% (+4.26% YTD) and the Emanagers CTA Index gained 4.37% (+2.05% YTD).
July was a month of excellent opportunities for trend-following managed futures managers, which helped to increase the index result for the overall sector.
Hedge fund strategies were also positive last month: Event-driven funds performed best (+4.42%), followed by relative value (+1.61%), equity long bias (+0.98), equity L/S (+0.97%), global macro (+0.85%) and multi-strat (+0.84%) investment strategies.
To view our full article Click here