Mon, Mar 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Noctua Partners' global macro fund continues upward move

Thursday, May 30, 2013

amb
Christian Baha
From Komfie Manalo, Opalesque Asia:

Asset management and investment advisory firm and Miami-based Noctua Partners reports that its global macro fund, the Alto Global Fund posted a gain of 1.13% in April, bringing the year-to-date return to +3.73%, both net of fees.The HFRI Macro (Total) Index was up 0.90% in April, 2.14% YTD.

In its monthly commentary for investors, Noctua says that equity trading contributed the largest gains last month, particularly trades during the month in S&P and Eurostoxx futures. "Fixed Income was down slightly in April, as large gains in Argentina and Italy longs were offset by losses in a short Spanish sovereign. FX trading also slightly detracted from gains in April," the statement reads.

The positive performance in April reversed two consecutive months of losses for the hedge fund. Alto Global was down -0.03% in February and -2.46% March but was up 5.18% in January. The fund finished 2012 with a strong 45%; it was down 23% in 2011, and up 26% in 2010.

According to Noctua, the market expectations for the economic improvement in the U.S. continued to surpass fundamentals. The economic surprise index turned negative in April, as the only positive news was the housing report, it added.

"In Europe, we see a similar trend unfolding: the protracted downturn in Europe is likely far worse than the market is pricing," the report continued, citing rising unempl......................

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 - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie