Sun, Feb 14, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers June 2012

Emanagers Indices - May 2012 performance of Opalesque's indices of emerging manager funds.

Emerging manager hedge funds and managed futures funds posted losses for the turbulent month of May, according to our first estimation based on the data of 294 funds listed in Opalesque Solutions' Emanagers database.

The Emanagers Total Index declined 0.74% in May, but is still up 1.69% for the year, thanks to strong results in January and February. Estimates for April and March were corrected to -0.78% and -0.35% respectively. Since inception in January 2009, the index grew 59.4% and outperformed both the global stock market and hedge fund indices.

Over the last 12 months, the index lost 2.49% with 8 negative and 4 posi­tive months, compared to losses of 3.95% for the Eurekahedge Hedge Fund Index and 13% for the MSCI World Index.

Last month's loss was driven by hedge funds: The Emanagers Hedge Fund Index lost 2.05% and is now up 3.01% year-to-date.

All strategies lost in May, with relative value funds performing best (-0.03%) and long-bias equity hedge funds performing worst (-5.46%). On a year-to-date level, event-driven strategies lead the ranking (+7.52%), followed by relative value (+4.01%), equity long-short (+3.80%), eq­uity long-bias (3.58%), global macro (-0.11%) and multi-strategy funds (-0.46%).

Managed futures strategies, on the other hand, had their best month since December 2010. Funds tracked by the Emanagers CTA Index were able to profit from the volatile markets in May and gained 2.19%. For the year 2012, however, managed futures strategies are down 1.85%.

A comparison of Emanagers indices with the Eurekahedge Hedge Fund Index and the Newedge CTA Index shows that new managers performed worse than their established peers this year.

12-month rolling performance data indicates that manag......................

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. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  2. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  3. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  4. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi

  5. Illiquid assets are all the rage for hedge funds[more]

    From Valuewalk.com: …Institutional investors are increasingly turning to illiquid assets and active management strategies to combat macroeconomic trends, anticipated market volatility and diverging monetary policy, according to a new survey by Blackrock. And this week, Bloomberg has reported that at