Tue, Sep 16, 2014
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 - Big hedge funds show interest in Alibaba, Maglan joins other hedge funds in rush to Argentinian assets[more]

    Big hedge funds show interest in Alibaba From Hereisthecity.com: …Three other major hedge fund investors who have shown interest in the IPO are Dan Loeb of Third Point, David Tepper of Appaloosa Management and Dan Benton of Andor Capital Management. All three were among the roughly 800 p

  2. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  3. SEC charges Minnesota hedge fund manager with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has brought charges against Minneapolis-based hedge fund manager, Steven R. Markusen for bilking investors out of fees and portfolio pumping. According to the complaint, the management fees earned by Archer Advisors LLC were shrinking due to the funds’ w

  4. …And Finally – Immature[more]

    From Newsoftheweird.com: Princeton University professor John Mulvey, 67 (who teaches financial engineering applications), was charged in July with stealing 21 yard signs around the town of Princeton -- signs for a computer repair business owned by a man with whom he was feuding. Nathan McCoy,

  5. Investors move capital out of Scotland ahead of referendum[more]

    Benedicte Gravrand, Opalesque Geneva: Ahead of Scotland’s independence referendum on September 18, asset managers, investors and pension savers are moving billions of pounds out of the country,