Tue, May 24, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers September 2012

Emanagers Indices - August 2012's performance of the Opalesque Emanagers Indices

Emanagers Total Index advances 0.99% in August (+4.79% YTD)

Emerging manager hedge funds and managed futures funds continued their upward performance trend last month, according to a first estimation based on the data of 299 funds listed in Opalesque Solutions' Emanagers database.

The Emanagers Total Index gained 0.99% in August and is now up 4.79% for the year 2012.  Estimates for July and June were corrected to +2.23% and -0.19% respectively. Since inception in January 2009, the index posted compounded returns of 64.4%.

Over the last 12 months, the Total Index gained 4.45% in 7 negative and 5 positive months, compared to 0.70% for the Eurekahedge Hedge Fund Index. However, the MSCI World Index performed better over the same period, with a gain of 5.62%.

August was a challenging month for CTAs but offered opportunities for most hedge funds: The Emanagers Hedge Fund Index gained 1.90% (+6.09% YTD), while the Emanagers CTA Index lost 0.22% (+1.14% YTD).

Last month was characterized by strong stock market performance (MSCI World up 2.29%), mainly based on a positive outlook for the U.S. economy and the ECB's announcement of a government bond buying program. Forex traders were the main losers of last month's events:

Event-driven strategies performed best (+3.75%), followed by long-bias equity (+2.64%) and multi-strategy funds (+2.11%). Relative value and L/S equity strategies posted results of +1.84% and +1.41%. Global macro strategies gained 1.11%, thus outperforming CTAs.

Year-to-date, the ranking is led by event-driven hedge funds with a compounded return of 14.45%.

12-month rolling performance data gives MSCI-correlation coefficients of 93% for Emanagers hedge funds and -40% for Emanag......................

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: What current trends tell us about the future of the hedge fund industry[more]

    By: Don Steinbrugge, Agecroft Partners The following comments are excerpted from Agecroft Partners’ Don Steinbrugge’s presentation delivered at the 69th CFA Institute Annual Conference held on May 9th, 2016 in Montreal. In Mr. Steinbrugge’s session titled "What Current Trends Tell Us about th

  2. Investing - Steve Cohen boosted Sotheby’s stake to $86 million last quarter, Larry Robbins' hedge fund sells off all CHS, UHS hospital stocks, Tiger Global cut stakes in Amazon, JD.com, Apple last quarter, Invest in real estate near biotech hubs, Prudential’s Hyat says, Valeant: A hedge fund hotel wrecking ball[more]

    Steve Cohen boosted Sotheby’s stake to $86 million last quarter Billionaire trader and art collector Steve Cohen is on a buying spree of Sotheby’s shares. Cohen’s Point72 Asset Management acquired 1.2 million Sotheby’s shares, bringing its total to 3.2 million valued at $86.1 million at

  3. Legal - Boaz Weinstein wins round in fight with Canada’s PSP[more]

    From FT.com: Boaz Weinstein, the hedge fund manager credited with spotting JPMorgan’s “London Whale” in 2012, has won a round in a legal battle with Canada’s Public Sector Pension Investment Board that had become a test case of responsibilities when clients withdraw money. PSP sued Mr Weinstein and

  4. Regulatory - The latest Fannie and Freddie reform bill offers a bonanza for hedge funds[more]

    From WSJ.com: The latest housing finance reform bill making the rounds on Capitol Hill offers a bonanza for hedge funds seeking to cash in on their investments in Fannie Mae Mae and Freddie Mac—but the cost to taxpayers would be steep. Congressman Mick Mulvaney, the South Carolina Republican, introd

  5. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera