Tue, Sep 2, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers May 2013

EManagers DB Insights - EManagers global macro index generates 11 positive quarters out of 13 since 2010

After 2008, many investors turned toward those hedge funds which are more secular in nature. Since a global macro strategy tries to cope with global market volatility of all sorts, it is one of the most sought-after strategies in the hedge funds market. A global macro hedge fund manager trades in the broader market, globally. The manager invests in equities, bonds, currencies, interest rates, stock indexes and derivatives, thus tries to create diversification in his or her investment strategy and low correlation with market volatility.

There are 25 global macro multi strategy funds listed in the EManagers database.

Based on the Waterfall analysis, the Emanagers global macro index had only two negative quarters since January 2010, and 11 positive quarters.

When we look closely at the quantum of negative fall and positive rise during these quarters, it gives a perfect picture of how the global macro multi strategy index has performed quarter by quarter.

This year so far, many of the new emerging global macro funds have performed fairly well.

Based on the EManagers index calculation up to April 2013, the strategy has showed positive returns, as the global macro multi strategy index returned 2.55% YTD

Global macro hedge funds in general Meanwhile, the HFRI Macro Index was up 0.90% (est.) in April, +2.14% YTD, after returning +1.94% in the 12 months, and +2.14% in the last five years. The HFRI Fund Weighted Composite Index did not do as well in April, but somewhat better in the long run, as it is up 0.70% (est.) in April, +4.37% YTD, after returning +6.56% in the last 12 months and +2.80% in the last five years.

"Trend-fol......................

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius

  5. Big hedge funds tighten grip amid consolidation[more]

    From Asianinvestor.net: The hedge fund industry consolidated last year with the number of funds falling by around a tenth from 2012 but assets under management rising $248.8 billion to $2.6 trillion, finds a new report from research firm eVestment. Firms with more than $1 billion in hedge fund A