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West Palm Beach (HedgeCo.net)- The DMX, Directional Markets Index, heads the list of investable Alternative Investment Indices provided by Alternative-Index Ltd, with a month-to-date performance of +0.71% and a stellar year-to-date performance of +16.61%. DMX is listed on the Vienna Stock Exchange.
The best performing sector for the DMX was the Interest Rates sector with a month-to-date attribution of +0.62%.
The DMX outperformed its peer, the FTSE Hedge Directional Index month-to-date by 2.13% (0.71% vs. -1.42%) and year-to-date by 21.42% (16.61% vs. -4.81%). The DMX also outperformed the MSCI Systematic Trading Index year-to-date by 12.17% (16.61% vs. 4.44%). The DMX’s performance surpassed the HFRX Market Directional Index’s performance month-to-date by 1.22% (0.71% vs. -0.51%) and year-to-date by 15.67% (16.61% vs. 0.94%).
Alternative-Index Ltd. is an Index specialist and provides investable Indices that represent the risk and return of investable alternative strategies and asset classes. The company is a 100% subsidiary of Swiss Alternative Investment expert Salus Alpha Group AG.
Hedge Funds Review Magazine- In early 2007 HNWIs bet heavily on riskier asset classes. However further into the year, financial market turmoil and economic uncertainty intensified and HNWIs began to shift their investments to safer, less volatile asset classes.
Exposure to property and hedge funds was reduced in favour of safer investments, according to the “World Wealth Report” from Merrill Lynch and CapGemini.
An increasing proportion of hedge fund assets are coming from institutional investors instead of wealthy clients. This is shifting the main drivers of the industry’s growth.
“This year’s report found that the number of high net worth individuals, and the amount of wealth they control, continued to increase in 2007, with the greatest wealth being created in the emerging markets of India, China, and Brazil,” said Nick Tucker, market leader for the UK and Ireland, global wealth management arm at Merrill Lynch.
Zurich – Harcourt Investment Consulting AG (Harcourt) is pleased to announce the launch of Belmont (Lux) Global Emerging Markets, a multi-strategy fund of hedge funds dedicated to harnessing the unique opportunities presented by hedge funds focussed on emerging markets. Through a well diversified portfolio of managers and strategies, the fund affords efficient exposure to emerging markets globally.
The growth outlook for emerging markets countries remains strong; the well publicized decoupling story is real. Consequently, local hedge funds are able to generate returns which are largely decorrelated to other regions. At the same time, the inefficiencies which characterize emerging markets generate ample opportunities for hedge funds to create superior risk adjusted returns.
Harcourt has been actively investing in emerging markets for 10 years. The launch of the new fund is a further step in the evolution of Harcourt’s product offering. Belmont (Lux) Global Emerging Markets joins a range of funds focussed on specific geographies, which today comprises Belmont Asia Ltd, Belmont Europe Ltd and Belmont Latin America Ltd.
Belmont (Lux) Global Emerging Markets seeks to derive attractive returns and reduce risk by investing in multiple strategies associated with emerging markets. With its broad diversification between asset classes, emerging markets regions and hedge fund strategies, Belmont (Lux) Global Emerging Markets aims for an overall low risk profile, and to generate far less volatility than is common with long only emerging market investments. Market risk as well as other inherent risk factors, such as liquidity risk, are minimized through careful selection of high quality managers. The fund’s targeted annualized return of Libor + 400 bps net of fees, with 6% annualized volatility. Currently, there are 29 hedge funds in the portfolio.
The fund was launched on 01 June 2008.
For further information please contact: Margaret Gouthier, Marketing, gouthier@harcourt.ch.
About Harcourt:
Harcourt AG is a global leading provider of alternative investment solutions for institutional investors. Founded in 1997, the company is headquartered in Zurich with offices in New York, Hong Kong, Stockholm, Madrid, Geneva and Cayman Islands. Harcourt is majority owned by strategic partner Vontobel Group. The company manages USD 5.5bn and employs a staff of 90 professionals. Harcourt is exclusively focused on alternative investments and has an excellent track record of superior risk adjusted returns. For further information, please visit: www.harcourt.ch
West Palm Beach (HedgeCo.net)- Hedge funds started the second quarter of 2008 on a strong note as global stock markets recovered, according to Singapore-based hedge fund research company Eurekahedge.
"The Fed’s aggressive response to the weakness across credit markets and the slowing of economic growth in the U.S. went some way in improving investor sentiment during April," Eurekahedge said on their website.
"Rallying equity markets, on the back of a sharp increase in risk appetites, coupled with market reversals across some other asset classes, such as bonds and currencies, were factors responsible for the month’s gain," Eurekahedge said.
The MSCI World Index jumped 5% in April, completing the best month since November 2004, as confidence returned following the U.S. subprime loan crisis.
Eurekahedge pointed to Japanese managers as the best performers in April, with the Eurekahedge Japan Hedge Fund Index advancing 3.5%. The report showed similar gains with the Asia Ex-Japan index climbing 2.8%.
The Eurekahedge North American Hedge Fund Index added 1.5%, while the index tracking European hedge funds rose 1.4%. Managers of funds using so-called long-short equity strategies were the best performers because of gains in global stock markets.
Eurekahedge was launched by experienced members of the investment banking community for the hedge fund and investment community. The Eurekahedge Hedge Fund Index tracks the performance of 2,230 funds that invest globally.
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