Sat, Oct 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers November 2012

Emanagers Indices - October 2012's performance of the Opalesque Emanagers Indices

Emerging manager hedge funds and managed futures funds generated losses last month, according to a first estimation based on the data of 298 funds listed in Opalesque Solutions' Emanagers database.

The Emanagers Total Index lost 1.07% in October, reducing its year-to-date performance to +3.33%.  Estimates for September and August were corrected to +0.15% and +0.73%, respectively. Since inception in January 2009, the index posted compounded returns of 62%.

Over the last 12 months, emerging managers gained 2.82% in 7 negative and 5 positive months, compared to 2.87% for the Eurekahedge Hedge Fund Index. Global stocks, tracked by the MSCI World Index, gained approximately 10% in the same period.

Managed futures strategies had their worst month so far this year, while hedge funds experienced only small losses: The Emanagers Hedge Fund Index lost 0.21% (+5.84% YTD), while the Emanagers CTA Index lost 2.14% (-1.98% YTD).

The month of October proved to be a difficult macro environment with declining commodity prices, and changing directional movements of interest rates and equity prices. As a result, most investment strategies came under pressure:

  • Relative value and equity long-bias strategies performed best, with gains of 1.57% and 1.36%. Global macro hedge funds did slightly better than managed futures strategies, but still lost 1.47%.
  • Year-to-date, the ranking is led by event-driven hedge funds with compounded returns of almost 16%.

Over the last 12 months, Opalesque calculated MSCI-correlation coefficients of 87% for Emanagers hedge funds and -38% for Emanagers CTAs,......................

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

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t