Thu, Apr 27, 2017
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 posiÂtive 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%), eqÂuity 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. Opalesque Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  3. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  4. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  5. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant