Wed, Jun 29, 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. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.