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Alternative Market Briefing

Noctua Partners' Alto Global Fund almost flat in May but still up 3.06% YTD

Monday, July 01, 2013

Precy Dumlao, Opalesque Asia:

Miami, Florida-based asset management and investment advisory firm Noctua Partners reported that its global macro fund, the Alto Global Fund was almost flat in May with -0.64% losses but still managed to stay in the black with 3.06% profits year-to-date.

In comparison, the HFRI Macro (Total) Index fell -1.00% during the same month and was up 1.13% YTD. Overall, the hedge funds’ space posted its seventh consecutive monthly gain in May and the eleventh gain in the last 12 months as strong performance in Equity Hedge and Event Driven strategies offset weakness in Macro and CTA strategies. The broad-based HFRI Fund Weighted Composite Index advanced +0.5% for the month, led by a gain of +1.8%for the HFRI Equity Hedge Index.

"Fixed Income and FX posted gains during the month as intramonth volatility created various trading opportunities within Emerging Market assets. However, Equity trading detracted from performance," Noctua said in its monthly commentary to investors.

The weak performance in May reversed April’s gain after Alto Global gained 1.13% that month. The fund was down -0.03% in February and -2.46% March but was up 5.18% in Janua......................

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