Thu, Jul 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers May 2013

Emanagers Indices - Emerging manager hedge funds and CTAs gained 0.72% in April (+3.18% YTD)

Emerging manager hedge funds and managed futures funds posted their sixth consecutive positive month in April, according to an estimation based on the data of 240 funds listed in Opalesque Solutions' Emanagers database.

The Emanagers Total Index was up 0.72% last month, resulting in a year-to-date performance of +3.18%. Since inception in January 2009, the index returned 69%, compared to 44% for the Eurekahedge Hedge Fund Index and 61% for the MSCI World Index.

Both hedge funds and CTAs were successful in April: The Emanagers Hedge Fund Index gained 0.79% (+4.41% YTD), while the Emanagers CTA Index was up 0.59% (+0.97% YTD).

While new hedge fund managers performed in line with their established peers, managed futures strategies traded by emerging managers failed to keep up with the industry's largest firms: The Eurekahedge Hedge Fund Index rose 0.82% (+3.79% YTD) and the Newedge CTA Index gained 1.45% (+4.36% YTD).

Long positions did well as the MSCI World index advanced 2.90% last month:

Global macro hedge funds delivered the best results last month with an average gain of 2.56%. Event-driven (+0.97%), equity long-bias (+0.63%) and relative value strategies (+0.23%) were profitable in April, while multi-strategy (-0.57%) and equity L/S funds (-0.13%) suffered losses

Top performing strategy in April 2013: Global macro

Year-to-date, the ranking is led by event-driven (+9.19%) investment strategies. Global macro hedge funds are up 4.39% for the year, followed by directional (equity long-bias: +4.35%, equity L/S: 4.20%) and relative value strategies (+3.45%). Multi-strategy hedge funds gained 3.26% so far this year.

Over the past 12 months, Opalesque calculat......................

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. Investing - Hedge fund CQS favors structured credit, Direct lending funds' fading all-weather appeal, Funds hunt for cracks in most-prized US shopping malls[more]

    Hedge fund CQS favors structured credit From BArrons.com: A hedge fund manager that can invest across the investment landscape says in his latest semi annual report this week that he's finding opportunities in structured credit -- particularly the shorter term, floating rate kind. Exampl

  2. Launches - Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle, Jersey players institutionalize first regulated crypto-currency hedge fund[more]

    Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle From Coindesk.com: The operators of a regulated, Jersey-based bitcoin hedge fund have officially closed a new $5 million fund aimed at investing in cryptocurrency tokens and initial coin offerings (ICOs). Backed by fun

  3. SWFs - China Wealth fund backs TPG lender as part of U.S. property push[more]

    From Bloomberg.com: China Investment Corp., the sovereign wealth fund that controls $814 billion in assets, is betting on U.S. real estate by investing in a commercial real estate lender formed by the money management firm TPG. In conjunction with last week's initial public offering of TPG RE Financ

  4. Months to minutes: Enigma launch aims to boost crypto hedge fund creation[more]

    From Coindesk.com: What if starting a hedge fund was as easy as downloading an API? A startup incubated at MIT Media Lab is today revealing a product designed with this ease-of-use in mind. Called Catalyst, the first product offering by blockchain startup Enigma aims to trigger nothing short of an e

  5. Seward & Kissel launches new compliance service[more]

    Bailey McCann, Opalesque New York: The law firm that formed the first hedge fund - Seward & Kissel - has launched a new compliance service for asset managers. Seward & Kissel Regulatory Compliance, or SKRC, offers full-scale regulatory compliance consulting solutions provided by the firm's attor