Sat, Jul 23, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers February 2013

Emanagers Indices - Emerging manager hedge funds and CTAs gain 1.82% in first month of 2013

Emerging manager hedge funds and managed futures funds started the new year with strong performance, according to a first estimation based on the data of 224 funds listed in Opalesque Solutions' Emanagers database.

The Emanagers Total Index continued its positive year-end trend and was up 1.82% in January.  Estimates for December and November were corrected down to +0.75% and +0.11%, respectively. Since inception in January 2009, the index posted compounded returns of 67%, compared to 41% for the Eurekahedge Hedge Fund Index and 53% for the MSCI World Index.

Both hedge funds and CTAs generated profits last month: The Emanagers Hedge Fund Index gained 2.56%, while the Emanagers CTA Index was up 0.64%.

However, emerging managers did not (significantly) outperform their established peers in January (Eurekahedge Hedge Fund Index: +2.22%, Newedge CTA Index: +1.47%) and lagged behind the MSCI World Index, which posted a gain of 5%.

The macroeconomic environment in January drove a global stock market rally, helping all hedge fund strategies to post excellent returns:

Event-driven funds performed best (+5.58%), followed by multi-strategy funds (+2.93%). Directional long-bias and long/short strategies gained 2.78% and 2.76%, respectively. Global macro hedge funds gained 1.38%, and relative value strategies were up 1.12%.

Over the last 12 months, Opalesque calculated MSCI-correlation coefficients of 88% for Emanagers hedge funds and -31% for Emanagers CTAs, resulting in equity-market betas of 31% and -14%.

Performance (in %), Volatility and Equity Market Beta (in %)

......................

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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  4. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New

  5. SWFs - Abu Dhabi wealth fund says long-term investment gains fell[more]

    From Bloomberg.com: The Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, said its long-term gains dropped in 2015. The fund’s 20-year annual rate of return slowed to 6.5 percent at the end of 2015, from 7.4 percent a year earlier, it said in its annual review. Over