Sun, Nov 23, 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. Greenlight Re CEO says hedge fund reinsurance strategy buzz is validating[more]

    From Artemis.bm: The attention being paid to the hedge fund reinsurance business model and the fact that others are now looking to leverage bits of it within their own strategies, is validating for reinsurer Greenlight Capital Re, according to CEO Bart Hedges. There has been an increasing buzz

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  5. Hedge fund Oceanwood raises $2bn, to close to new investors[more]

    From Reuters.com: Europe-focused hedge fund Oceanwood Capital Management is closing its fund to new investors after its assets under management hit $2 billion (1 billion pounds) recently, a source with direct knowledge of the matter said. Oceanwood, a multi-strategy hedge fund spinout from Tudor Gro