Thu, Mar 30, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers April 2013

Emanagers Indices - Emerging manager hedge funds and CTAs gain 0.66% in March (+2.51% in Q1)

Emerging manager hedge funds and managed futures funds made small profits in March, according to an estimation based on the data of 234 funds listed in Opalesque Solutions' Emanagers database.

The Emanagers Total Index gained 0.66%, finishing the first quarter of 2013 up 2.51%. Since inception in January 2009, the index returned 68%, compared to 43% for the Eurekahedge Hedge Fund Index and 57% for the MSCI World Index.

Both hedge fund and managed futures traders were profitable in March: The Emanagers Hedge Fund Index was up 0.87% (+3.78% YTD), while the Emanagers CTA Index gained 0.34% (+0.33% YTD).

However, new managers performed worse than their established peers once more: The Eurekahedge Hedge Fund Index rose 0.95% (+3.21% YTD) and the Newedge CTA Index gained 1.29% (+2.87% YTD).

The global stock market had another strong month, as the MSCI World Index

gained 2.39% in March. For the first quarter, the index is up already 7.87%. All equity trading strategies were able to deliver good results in this environment:

†Event-driven hedge funds performed exceptionally well with average gains of 2.19%. Multi-strategy funds were up 1.67%, followed by relative value (+1.1%) and global macro (+0.85%) strategies. Directional equity traders performed slightly worse (Equity L/S: +0.66%, equity long bias +0.27%).

†Over the first quarter of this year, event-driven hedge funds were able to outperform the MSCI World Index with average gains of 8.71%. Equity long-bias and L/S funds gained +5.61% and +3.82% respectively, followed by multi-strategy (+3.95%), relative value (+3.03%) and global macro hedge funds (+2.15%).......................

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: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  3. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He

  4. Opalesque Exclusive: Swiss start-up and German fund manager to launch AI hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: NNAISENSE, a Swiss start-up that develops artificial intelligence (AI) and machine learning applications, and

  5. Eric Mindich to shutter hedge fund Eton Park after difficult 2016[more]

    Komfie Manalo, Opalesque Asia: Erich Mindich is shutting down his hedge fund Eton Park after losing 9% in 2016 and its assets falling by $2bn to the current $7bn, Reuters reported. Mindich told investors