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Tunnelbrook hires new director, Prima Fund is up 6.5% (est.) in October, 11.35% YTD

Monday, November 24, 2008

Tunnelbrook’s Prima Fund is up over 6.5% since September, a particularly painful period for most other market participants. The net performance of the fund YTD is +14%.

Prima employs a short term US equity trading strategy that does not use leverage. The fund is uncorrelated to both the S&P and other hedge fund strategies. All of the risk positions are liquidated to cash daily and as such there are no overnight risk positions. The tremendous liquidity of the positions traded translates to transparency of the strategy and liquidity of the investment.

While the fund has performed well across different market cycles it has performed particularly well during periods when fear and panic cause high volatility in the market.

Matt Aptman joins Tunnelbrook Capital Matt Aptman has informed Opalesque that he has recently joined Tunnelbrook Capital, the leading Miami based hedge fund.

Tunnelbrook’s portfolio managers spent three years working together at another hedge fund prior to launching Tunnelbrook two and a half years ago. Presently the firm’s assets under management are $110,000,000; they expect to surpass $200,000,000 in the near term. Corporate website: Source

See our latest Opalesque Exclusive on Tunnelbrook: The quant special - part one: Tunnelbrook`s intraday trading equity fund exploits the very behavior that has plagued many quant funds since August 2007......................

To view our full article Click here

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