Mon, Apr 27, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner