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Alternative Market Briefing

'Alternative Alternatives' investment funds down 0.34% in June (+0.11% YTD)

Monday, July 30, 2012

Florian Guldner, Opalesque Research:

'Alternatives Alternatives' investment funds saw another negative month in June, according to a first estimation based on 712 single- and multi-manager funds currently listed in 25 categories in the Opalesque Solutions A SQUARE Fund Database (Source).

The Opalesque A SQUARE Index lost* 0.34% in last month, and is now up 0.11% for the year 2012. Estimates for May and April were corrected to -1.32% and -0.42%, respectively. The A SQUARE Funds of Funds Index lost 0.51%, expanding its year-to-date loss to -0.40%.

  • Last month's losses were caused by poorly performing metals (-3.96%), general commodity (-2.35%) and energy (-1.91%) trading strategies, as well as collectibles funds (-2.28%).
  • Infrastructure and real estate funds had a good month, returning 1.58% and 1.28% respectively. ILS strategies gained 1.02% and trade finance funds were up 0.71%.
  • Year-to-date, the ranking is led by real estate (+6.66%), infrastructure (+6.29%) and credit (+4.91%) funds. The biggest losers so far this year were metals (-16%) and energy (-9.77%) trading strategies.

A SQUARE database weighting by asset classes

Over the last twelve months, the A SQUARE Index had 8 negative and 5 positive months and a compounded loss of 5.59%. The A SQUARE Funds of Funds Index lost 2.47% with ......................

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