Thu, May 26, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers January 2012

Profiles
Emerging hedge fund managers, who were interviewed by Opalesque, comment on the late 2011 performance of their funds

Opalesque spoke to four of the emerging managers whose fund feature in the Emanagers database, Opalesque's Solutions' database of funds launched in the last four years. Two CTAs, one global macro fund and one equity long/short fund, all profited from the volatile market of late 2011.

In December, global equity markets posted gains as both volatility levels and volumes fell, global government bonds rallied, commodities sold off (with gold losing 10%), credit markets rallied too, and investors continued to clamour for safe haven currencies, said a report from FRM, an independent hedge fund investment specialist, in early January. The report notes that there was a reduction in equity beta across the hedge fund industry. Fundamental strategies produced the largest losses as "the pronounced daily volatility since the summer has made conditions particularly difficult for deep value managers." The best performers were found in systematic trading.

The Dow Jones Credit Suisse Core Hedge Fund Index lost 0.41% in December (-7.40% for 2011); the Managed Futures strategy part of the index fared better with +1.82% (-2.95% for 2011); and so did Global Macro, with +0.38% (although not YTD as it is down 10%): and Long/ Short Equity did worse this month with -2.11% (-7.27% for 2011).

A Connecticut-based CTA called Global Sigma Group LLC did well in the volatile markets this year. "The options market fully priced in the volatile market condition in September," Hanming Rao, CIO, told Opalesque. "It was actually a very favorable environment for our short term trading model." The $15m fund, ......................

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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera

  5. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America