New Managers January 2012

Peter Urbani' Statistics
Peter Urbani explains how emerging managers actually add significant alpha, and observes the overall performance of the top 10 funds in the Emanagers indices

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Emerging Managers add significant alpha

By Peter Urbani:

An analysis of the funds contained within the Opalesque Solutions Emerging Managers (Emanagers) Index shows the following: The Emanagers Total Index has delivered very substantial excess returns to the broader Eurekahedge Hedge Fund Index over the past three years since inception. On average the three Emerging Manager Indices calculated by Opalesque (Emanagers Total Index, Emanagers HF Index and Emanagers CTA Index) have produced 700 - 800bp in additional returns per annum over their respective equivalent Eurekahedge Indices. Drawdowns for the period were 47%, 44% and 19% lower than the drawdowns for the equivalent Eurekahedge Indices.

Emerging Managers beat equities with significantly less risk In addition to beating their respective broader Hedge Fund indices, the ......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.