Mon, Sep 1, 2014
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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest