Thu, Nov 26, 2015
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

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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. Investing - BlackRock targets ETF investors with flexible currency hedging, Nelson Peltz bets on General Electric Company and Mondelez International, Apple plummets to 4th place among hedge holdings, from No. 1, Top Q3 equity purchases and sales of top 50 hedge funds[more]

    BlackRock targets ETF investors with flexible currency hedging From BlackRock Inc., the world’s largest asset manager, is changing course on exchange-traded funds that protect against currency volatility. After stressing the easy switch between hedged and unhedged ET

  3. BlackRock is shutting down its Global Ascent macro fund[more]

    Komfie Manalo, Opalesque Asia: BlackRock, the world’s largest asset manager, has announced plans to shut down a macro fund, Global Ascent Fund, because of "headwinds facing the industry". The hedge fund, which makes bets on stock, bond and currency markets, will return money to investors. Ac

  4. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  5. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega