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Newedge CTA index up 1.45% over April, 4.36% year to date

Thursday, May 16, 2013
Opalesque Industry Update - Eight of Newedge’s 11 hedge fund indices showed positive performance during the month of April.

The Newedge Trend Index increased 3.85% in April, followed by the Newedge CTA Index, which gained 1.45%. The Newedge Trend Index and Newedge CTA Index have risen 7.67% and 4.36%, respectively, for the year.

The Newedge Short-Term Trading Index was up 1.29% in April and 4.86% for 2013.

The Newedge Commodity Index (Trading) had the worst performance during the month and was down -1.38%.

The Newedge Trend Index, which is equally weighted, calculates the daily rate of return for a pool of the largest 10 trend following based CTAs that are willing to provide daily returns and are open to new investment.

The Newedge CTA Index, which is equally weighted, calculates the daily rate of return for a pool of the largest twenty CTAs that are willing to provide daily returns and are open to new investment. Both indices are rebalanced and reconstituted annually.

The Newedge Short-Term Traders Index is designed to track the daily performance of a portfolio of the largest ten short-term, diversified CTAs who have less than a 10-day average holding period, are willing to provide daily returns and are open to new investment.

The Newedge Volatility Trading Index is a performance measure for the volatility trading and arbitrage style within the hedge fund universe. It is an equally weighed portfolio of Volatility Trading & Arbitrage funds.

Commenting on the April performance data, Ryan Duncan, Global co-head of Newedge’s Advisory Group for Alternative Investment Solutions, said: “CTA strategies continue to perform well in 2013. Through April, the Newedge CTA Index has produced five consecutive positive months of performance. Trend following strategies, as represented by our Newedge Trend Index, have found success as well, up 7.67% in 2013. After a difficult four year stretch, the Newedge Short-term Traders Index has completed its fourth consecutive positive month of performance. A run of this length has not been realized since 2008.”

Some of the top performing hedge funds during April included:

The Newedge CTA Index:

  • Campbell & Co. (FME Large): est. +7.15 percent
  • Man Investments (AHL Diversified): est. +6.11 percent
  • Graham Capital (K4D-15V): est. +5.03 percent
The Newedge Trend Index:

  • Campbell & Co. (FME Large): est. +7.15 percent
  • Man Investments (AHL Diversified): est. +6.11 percent
  • Graham Capital (K4D-15V): est. +5.03 percent
The Newedge STTI Index:

  • Revolution Capital (Mosaic): est. +7.33 percent
  • R.G. Niederhoffer (Diversified): est. +5.61 percent
  • Boronia Capital (Diversified): est. +3.63 percent

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