Sun, Nov 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers October 2012

Emanagers Indices: September 2012's performance of the Opalesque Emanagers indices

Emanagers Total Index up 0.1% in September (+4.33% YTD)

Emerging manager hedge funds and managed futures funds saw slight gains last month, according to a first estimation based on the data of 307 funds listed in Opalesque Solutions' Emanagers database.

The Emanagers Total Index advanced 0.1% in September, resulting in a 2012 performance of +4.33%. Estimates for August and July were corrected to +0.67% and +2.0%, respectively. Since inception in January 2009, the index posted compounded returns of 63.6%.

Over the last 12 months, emerging managers gained 6.73% in 6 negative and 6 positive months, compared to 4.93% for the Eurekahedge Hedge Fund Index. Global stocks, tracked by the MSCI World Index, gained almost 19% in the same period.

 

 

Last month was particularly challenging for managed futures strategies, while hedge funds were able to deliver strong returns once more: The Emanagers Hedge Fund Index gained 1.32% (+6.64% YTD), while the Emanagers CTA Index lost 1.46% (-0.58% YTD).

 

 

August's stock market rally continued last month as central banks took further steps towards monetary easing. As a result, directional and event-driven hedge fund strategies were September's winners:

* Equity long-bias hedge funds gained 3.66%, followed by equity L/S (+1.32%) and event-driven strategies (+1.17%). Relative value funds gained 1.14%, global macro and multi-strategy funds were up 0.34% and 0.32% respectively.

* Year-to-date, event-driven hedge funds performed best with compounded, average returns of 13.5%. 12-month rolling performance data gives MSCI-correlation coefficients of 91% for Emanager......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Greenlight Re CEO says hedge fund reinsurance strategy buzz is validating[more]

    From Artemis.bm: The attention being paid to the hedge fund reinsurance business model and the fact that others are now looking to leverage bits of it within their own strategies, is validating for reinsurer Greenlight Capital Re, according to CEO Bart Hedges. There has been an increasing buzz

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  5. Hedge fund Oceanwood raises $2bn, to close to new investors[more]

    From Reuters.com: Europe-focused hedge fund Oceanwood Capital Management is closing its fund to new investors after its assets under management hit $2 billion (1 billion pounds) recently, a source with direct knowledge of the matter said. Oceanwood, a multi-strategy hedge fund spinout from Tudor Gro