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Alternative Market Briefing

'Alternative Alternatives' investment funds down 0.41% in April (+1.81% YTD)

Thursday, May 31, 2012

Florian Guldner, Opalesque Research:

'Alternatives Alternatives' investment funds had another negative month in April, according to a first estimation based on 699 single- and multi-manager funds currently listed in 24 categories in the Opalesque Solutions A SQUARE Fund Database (Source).

The Opalesque A SQUARE Index lost* 0.41% in April and is now up 1.81% through the first four months of 2012. Estimates for March and February were corrected to -1.51% and +1.51% respectively. The A SQUARE Funds of Funds Index lost 0.30% last month and is up 1.07% through April.

  • The negative April result was driven by the aggregate losses of funds investing in the commodity sectors, namely agriculture (-3.19%), base & precious metals (-4.79%), all-commodities (-0.47%) and energy (-2.39%).

  • April's best performers were infrastructure funds (+1.79%) as well as funds focusing on credit (+0.68%), trade finance (+0.91%) and insurance linked securities (+0.60%).

  • Year to date, the performance ranking is led by infrastructure (+13.85%) credit (+7.10%) and real estate (+4.99%) strategies. The worst performing asset classes so far this year were base & precious metals (-3.96%) and all-commodity strategies (-1.78%).

A SQUARE database weighting by asset classes

Over the last twelve months, the A SQUARE......................

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