Thu, Nov 27, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Performance: Harry Kat`s FundCreator update says performance in line with expectations

Friday, April 04, 2008

Despite a really bad quarter for equity (S&P 500 -10%), emerging markets (Hang Seng -17%), and many other markets, including hedge funds (HFRX -3%), FundCreator based funds have performed very much in line with expectations.

The Aquila Statistical Value Market Neutral Fund, the first FundCreator-based fund, generated +2.08% in Jan, +0.18% in Feb and -1.82% in March. In all, this means +0.41% YTD.

New Wave Asset Management's Aliter Fund, which has gone live on Feb 19 and which will be publicly launched later this month, made +1.08% in Feb and 0% in March, making for a YTD performance of +1.08%.

One might be tempted to compare the above performance with that of the small number of hedge funds that have done quite well over the last couple of months. This compares apples with oranges, however. Hedge funds generate returns by taking directional bets. Sometimes they win, sometimes they lose. The above FundCreator-based funds are primarily about smart risk management. The goal is not to take bets, but to maintain a constant, low correlation, risk profile while harvesting an attractive risk premium over time. A completely different approach, and therefore very different performance.

Obviously, we are very proud that, especially in these volatile times, things are working out this well. The proof is always in the pudding, they say, and this pudding is proving a lot of people (incl. all those so-called hedge fund replicators) wrong!......................

To view our full article Click here

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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed