Fri, Oct 21, 2016
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.


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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Macro hedge funds up 3.3% in one week on Fed and Brexit pays off[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were boosted by the strong performance of global macro funds, with the Lyxor Global Macro Index gaining 3.3% as of the week ending Oct. 11 (-1.7% YTD), Lyxor Asset Management reported. Their short on the p