Mon, Oct 24, 2016
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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion