Tue, Mar 31, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers May 2012

Emanagers Indices
March 2012 performance of Opalesque's indices of emerging managers funds

Emanagers Total Index down 0.38% in April (+3.05% YTD)

Emerging manager hedge funds and managed futures funds experienced slight losses in April, according to a first estimation based on the data of 291 funds listed in Opalesque Solutions' Emanagers database.

The Emanagers Total Index lost 0.38% in March, reducing its yearto- date performance to +3.05%. Estimates for March and February were corrected to -0.15% and +1.55% respectively. Since inception in January 2009, the index grew 61.6% and outperformed both the global stock market and its hedge fund peers.

Over the last 12 months, the index lost an estimated 2.18% with 8 negative and 4 positive months, compared to losses of 3.17% for the Eurekahedge Hedge Fund Index and 6.81% for the MSCI World Index.

Both hedge funds and managed futures funds saw losses in April. However, hedge funds clearly outperformed managed futures strategies in 2012.

The Emanagers Hedge Fund Index had its first negative month this year, losing 0.49%. Year-to-date, the index is still up over 5%. Managed futures funds tracked by the Emanagers CTA Index continued their negative 2012 trend with a loss of 0.13%, lifting the yearto- date loss to 2.08%.

Despite mixed results, both sub-indices outperformed the all-funds group represented by the Eurekahedge Hedge Fund Index and the Nedwedge CTA Index over the last 12 months.

Analysis of 12-month rolling data shows a growing negative correlation of managed futures strategies with the stock market, while their volatility remained relatively low. As a result, Emanagers CTAs had an MSCI-beta of -5%......................

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner