Wed, May 4, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers July 2012

Emanagers Indices: June 2012 performance of Opalesque's indices of emerging manager funds.

Emanagers Total Index up 0.9% in June (+2.84% YTD)

Emerging manager hedge funds and managed futures funds had a strong month of June, according to a first estimation based on the data of 304 funds listed in Opalesque Solutions' Emanagers database.

The Emanagers Total Index gained 0.9% last month and is up 2.84% for the year 2012. Estimates for May and April were corrected to -0.42% and -0.75% respectively. Since inception in January 2009, the index posted compounded returns of 61.3% and outperformed both the global stock market and hedge fund indexes.

Over the last 12 months, the index lost 0.22% in 7 negative and 5 positive months, and outperformed the Eurekahedge Hedge Fund Index (-3.06%) and the MSCI World Index (-7.17%).

Hedge funds performed slightly better in June than managed futures funds. The Emanagers Hedge Fund Index gained 1.03% (+3.83% YTD) , while the Emanagers CTA Index gained 0.66% (-0.45% YTD).

Hedge fund strategies posted mixed results in June: Global macro funds performed best (+2.72%), followed by equity L/S (+1.06%) and event-driven funds (+0.79%). Losing strategies were equity long-bias (-0.83%), relative value (-0.33%) and multi-strategy (-0.31%).

Year-to-date, all hedge fund strategies are up and gained between 8.56% (event-driven) and 0.74% (equity long-bias).

12-month rolling performance data gives MSCI-correlation coefficients of 95% for Emanagers hedge funds and 50% for Emanagers CTAs. The resulting equity-market betas are 43% and -10%, respectively.

......................

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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n