Sun, Feb 14, 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. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  2. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  3. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  4. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi

  5. Illiquid assets are all the rage for hedge funds[more]

    From Valuewalk.com: …Institutional investors are increasingly turning to illiquid assets and active management strategies to combat macroeconomic trends, anticipated market volatility and diverging monetary policy, according to a new survey by Blackrock. And this week, Bloomberg has reported that at