Mon, Feb 20, 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. With $54bn in assets, Philippines is ready for hedge funds, alternative investment products[more]

    Komfie Manalo, Opalesque Asia: With the country's outstanding fund management industry at $54bn and growing, the Philippine market and its investors are ready to invest in "more sophisticated" asset management products, like hedge funds and alternative investments, said Deanno J. Basas, presi

  2. SoftBank to buy Fortress Investment for $3.3bn[more]

    From Reuters.com: Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. The all-cash deal is SoftBank's first major investmen

  3. ...And Finally - Truth in advertising[more]

    From Newsoftheweird.com: Girl Scout Charlotte McCourt, 11, of South Orange, New Jersey, saw her sales zoom recently when she posted "brutally honest" reviews of the Scouts' cookies she was selling -- giving none of them a "10" and labeling some with dour descriptions. She was hoping to sell

  4. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  5. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed