Sat, May 26, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Emerging manager hedge funds and CTAs up 0.17% in February (+1.93% YTD)

Friday, March 22, 2013

Florian Guldner, Opalesque Research: Emerging manager hedge funds and managed futures funds ended February almost flat, according to a first estimation based on the data of 229 funds listed in Opalesque Solutions' Emanagers database.

The Emanagers Total Index gained 0.17% last month and is up 1.93% year-to-date. Estimates for January and December were corrected to +1.76% and +0.81%, respectively. Since inception in January 2009, the index posted compounded returns of 67%, compared to 41% for the Eurekahedge Hedge Fund Index and 53% for the MSCI World Index.

Trading strategies brought mixed results: The Emanagers Hedge Fund Index was up 1.09% (+3.60% YTD), while the Emanagers CTA Index lost 0.96% (-0.36% YTD). However, the CTA Index result is influenced by one extreme outlying observation (a monthly loss of 30%), while the rest of the group was virtually flat.

Emerging managers performed worse than their established peers in February (Eurekahedge Hedge Fund Index: +0.19%, Newedge CTA Index: +0.10%) as well as the MSCI World Index, which gained 0.22%.

Except for managed futures, all hedge fund trading strategies won last month:

  • Equity long-bias hedge funds gained 2.47% beating their benchmark, while long/short funds only gained 1.03%. Event-driven strategies were up 1.36%, followed by multi-strategy (+1.03%) and rel......................

    To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven