Mon, Aug 15, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers January 2012

Profiles
Emerging hedge fund managers, who were interviewed by Opalesque, comment on the late 2011 performance of their funds

 

Opalesque spoke to four of the emerging managers whose fund feature in the Emanagers database, Opalesque's Solutions' database of funds launched in the last four years. Two CTAs, one global macro fund and one equity long/short fund, all profited from the volatile market of late 2011.

In December, global equity markets posted gains as both volatility levels and volumes fell, global government bonds rallied, commodities sold off (with gold losing 10%), credit markets rallied too, and investors continued to clamour for safe haven currencies, said a report from FRM, an independent hedge fund investment specialist, in early January. The report notes that there was a reduction in equity beta across the hedge fund industry. Fundamental strategies produced the largest losses as "the pronounced daily volatility since the summer has made conditions particularly difficult for deep value managers." The best performers were found in systematic trading.

The Dow Jones Credit Suisse Core Hedge Fund Index lost 0.41% in December (-7.40% for 2011); the Managed Futures strategy part of the index fared better with +1.82% (-2.95% for 2011); and so did Global Macro, with +0.38% (although not YTD as it is down 10%): and Long/ Short Equity did worse this month with -2.11% (-7.27% for 2011).

A Connecticut-based CTA called Global Sigma Group LLC did well in the volatile markets this year. "The options market fully priced in the volatile market condition in September," Hanming Rao, CIO, told Opalesque. "It was actually a very favorable environment for our short term trading model." The $15m fund, ......................

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. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  2. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  3. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: https://bit.ly/DXCInfo Castle Hall, the Du

  4. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  5. Opalesque Exclusive: This European mezzanine debt strategy offers equity-like returns with downside protection[more]

    B. G., Opalesque Geneva for New Managers: Mezzanine financier SIG-i operates in a relatively uncrowded space by proactively manufacturing financing solutions as an alternative to traditional debt and equity instrume