Tue, Dec 6, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers December 2012

Emanagers Indices - November 2012's performance of the Opalesque Emanagers indices

Emerging manager hedge funds and managed futures funds gained 0.3% last month, according to a first estimation based on the data of 305 funds listed in Opalesque Solutions' Emanagers database.

The Emanagers Total Index was up 0.3% in November, bringing its net year-to-date return to 4.14%.  Estimates for October and September were corrected to -0.68% and +0.24%, respectively. Since inception in January 2009, the index posted compounded returns of 63%.

Over the last 12 months, emerging managers gained 4.08% in 6 negative and 6 positive months and slightly underperformed the Eurekahedge Hedge Fund Index, which gained 4.24% in the same period. Global stocks, tracked by the MSCI World Index, gained 11% over the last 12 months.

 

November's positive result was mainly driven by hedge fund strategies, while managed futures strategies posted a small loss: The Emanagers Hedge Fund Index gained 0.64% (+6.74% YTD), while the Emanagers CTA Index lost 0.1% (-1.43% YTD).

Last month was characterized by a mid-month reversal on equity markets. Most hedge fund strategies were able to make profits in this environment:

  • Relative value strategies performed best with an average gain of 1.21%. Long/Short Equity funds gained 0.99%, followed by global macro (+0.79%) and multi-strategy funds (+0.48%). Besides managed futures strategies (-0.1%), losses were generated by long-bias equity funds (-1.40%) and event driven funds (-0.36%), according to our first estimation.
  • Year-to-date, however, event-driven and long-bias strategies performed best and delivered double-digit returns.

Over the......................

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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released