Emanagers Total Index gains 2.72% in January after losing 1.6% in 2011
Opalesque Ltd., a leading provider of online information services to the
alternative investment industry, announced the estimated January and
updated 2011 year-end results for its series of indices tracking emerging
hedge fund and managed futures fund managers. Index calculations
are based on currently 303 funds listed in Opalesque Solutions'
Emanagers database, the industry's only database dedicated exclusively
to fund management firms less than 48 months old and with
assets under management of less than $600 million at the time of the
The Emanagers Total Index, consisting of both hedge funds and
managed futures funds, gained 2.72% in January after losing 1.6% in
2011. Since inception in January 2009, the index grew over 61%, outperforming
both the global stock market and its hedge fund peers.
The positive January result was generated by the returns of hedge
fund strategies, as the Emanagers Hedge Fund Index gained 3.97%
(-2.45% in 2011). Managed futures funds tracked by the Emanagers
CTA Index gained 0.56% (+0.39% in 2011).
12-month rolling volatility of Emanagers hedge funds slightly increased
due to heavy performance swings in the second half of 2011 and January
2012. We calculated a stock market beta of approximately 50%,
compared to 29% for the Eurekahedge Hedge Fund Index.
Emanagers managed futures strategies continued their trend of delivering
truly uncorrelated returns, resulting in an equity market beta of less
than 1%. As one of very few fund perfor......................
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This article was published in Opalesque's New Managers
a top-down monthly analysis, news and research publication on the global emerging manager space.