Sun, May 28, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

BlackCat Capital offers welcome green shoot in managed futures sector

Tuesday, January 18, 2011

By Beverly Chandler, Opalesque London

A welcome green shoot of recovery in the CTA community lies at the heart of the January launch of BlackCat Capital Partners in London. Matt Breakwell, John Reeve and Wei Xia are chief operating officer, head of trading and head of investment research and risk management for the US$ 5m technology led futures fund. In an interview with Opalesque, the team explained that they lean more towards financial futures, trading globally over 21 markets.

Breakwell and Reeve originally met up in 2005 and discussed building an investment business. The pair started trading proprietary capital in October 2008 and Xia joined them in 2009. BlackCat became authorised as an investment manager in November 2010 and ended proprietary trading operations with over US$ 3m of partnership capital.

In their two years and one month of prop trading they achieved a monthly compounded annual gross return of 68.66% on a daily volatility of 1% and a Sharpe ratio of 3.1. In that two year period, their only negative months came in March '09, when return was 2.58% down and May '09, when it dropped by 8.10%.

Reeve describes their technology led system as 'the fruits of his labour' for over 10 years. Reeve had been prop trading on his own for about six years before meeting Breakwell. "We are trying to capitalise more on our technology" says Reeve. "We have developed a comprehensive set of software tools and infrastructure and so wanted to expand." Reev......................

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. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  2. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  3. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  4. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the

  5. AI-based hedge fund brings machine learning investing to masses[more]

    Komfie Manalo, Opalesque Asia: Machine learning-based hedge fund firm Greyfeather Capital is trying to bring artificial intelligence investing to the masses with its plan to expand beyond the limited reach of the alternative investments space. "We're excited to bring AI technology to traditio