Thu, Sep 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers January 2013

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

Emanagers Total Index up 1.37% in December (+5.27% in 2012)

Emerging manager hedge funds and managed futures funds performed well in the last month of 2012, according to a first estimation based on the data of 300 funds listed in Opalesque Solutions' Emanagers database.

The Emanagers Total Index gained 1.37% in December and 5.27% in 2012.  Estimates for November and October were corrected to +0.18% and -0.84%, respectively. Since inception in January 2009, the index posted compounded returns of 65%.

Emerging manager hedge funds posted excellent results last month, while managed futures strategies saw small losses: The Emanagers Hedge Fund Index gained 2.52% in December, bringing its 2012 result to 9.09%. The Emanagers CTA Index lost 0.3% and is down 2.12% for the year.

Emerging managers thus outperformed their established peers in 2012 (Eurekahedge Hedge Fund Index: +6.18%, Newedge CTA Index: -2.84%), but were unable to beat the global stock market, which gained over 13%, according to the MSCI World Index.

Stock markets continued their November rebound last month, and all hedge fund strategies (except for short sellers and CTAs) were able to profit in this environment:

  • Directional strategies saw significant gains, as long-bias equity funds rose 3.55% and long/short equity funds gained 2.16%. Global macro hedge funds were up 2.62%, followed by event-driven (+2.32%), multi-strategy (+1.46%) and relative value hedge funds (+0.59%).
  • For the year 2012, the ranking is led b......................

    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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style