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Alternative Market Briefing

'Alternative Alternatives' investment funds up 0.42% in November (+2.75% in first 11 months of 2012)

Wednesday, January 02, 2013

Florian Guldner, Opalesque Research:

'Alternatives Alternatives' investment funds made profits in November, according to an estimation based on 674 single- and multi-manager funds currently listed in 25 categories in the Opalesque Solutions A SQUARE Fund Database (Source).

The Opalesque A SQUARE Index gained 0.42% in November and is up 2.75% in the first eleven months of 2011. Estimates for October and September were corrected to -1.11% and +0.62%, respectively. The A SQUARE Funds of Funds Index lost 0.6% and is down 1.01% through the month of November.

  • November's best performers were real estate funds (+2.26%), followed by volatility traders (+1.75%) and structured finance funds (+1.22%). Trade finance and insurance-linked securities funds delivered robust gains of 0.80% and 0.51% respectively.
  • Negative results were posted by commodity-focused strategies: Base & precious metal strategies lost 4.34% and energy funds were down 2.70%.
  • Year-to-date, the ranking is led by real estate (+17%), structured finance (+16%) and infrastructure funds (+10%).

A SQUARE database weighting by asset classes

Over the last 12 months, the A SQUARE Index had 6 negative and 6 positive months with a compounded gain of 1.86%. The A SQUARE Funds of Funds Index gained 1.02% in the same period.

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