Wed, Mar 21, 2018
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. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. DoubleLine's Gundlach sees U.S. 10-year Treasury yield rising, weighing on stocks[more]

    From Reuters/ Jeffrey Gundlach, the chief executive of DoubleLine Capital and known on Wall Street as the "Bond King," said on Tuesday the yield on the U.S. 10-year Treasury note will likely move higher and pressure riskier assets including equities and junk bonds. Gundlach, on an

  3. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t

  4. Institutional Investors - Overdrawn pension fund scores gains[more]

    From Investments in big banks, pawn shops and rolling papers helped boost public safety workers' underfunded pensions this past calendar years, according to newly released figures. After recording middling returns in recent years, the Police & Fire Pension Fund (P&F) notched

  5. Hot hedge fund loses 21% after bet on volatility goes wrong[more]

    From In December, Shahraab Ahmad shared with his hedge fund clients the principle that helped him trounce peers for two turbulent decades: steer clear of the crowd. He'd turned $50 million into an operation with more than $700 million over three years and delivered market-beating retu