Thu, Jun 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Diamond Peak’s CTA program continues 7-month winning streak, up 0.61% in June (+13.48% YTD)

Thursday, July 14, 2011

From Komfie Manalo, Opalesque Asia:

The "zig zag market character" of 2011 so far has helped Diamond Peak Capital’s CTA program, called the Diamond Peak Northstar Aggressive (2x) program, to maintain its seven-month winning streak since December 2010 and finish June up 0.61% and the first half of the year up 13.48%. Steven Sapourn, Portfolio Manager for the Northstar program told Opalesque that the program thrived during the past seven months despite a tough environment for CTAs.

Most CTA indices are down so far this year. For example, the Eurekahedge CTA / Managed Futures Hedge Fund Index was down 2.27% (est.) in June (and down 3% YTD).

Featured in Opalesque Solutions’ Emerging Managers Database, Northstar generated alpha from both its long and short core strategies, with its more uncorrelated systems helping to mitigate volatility. As Sapourn pointed out; "Markets that zig and zag rather than move in a straight line are the best environment for what we do."

This year started off with strong economic data with the S&P registering multi-year highs until mid-February. But the political turmoil in the Middle East and the disasters in Japan brought by the powerful earthquake and the eventual nuclear crisis halted the rally. Recently, the possible default in Greece sovereign debt issue has eroded market confidence a......................

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. Assets - Managed futures setting stage for dramatic growth, CTA Devet Capital reaches $100 million[more]

    Managed futures setting stage for dramatic growth From PIOnline.com: Investment in managed futures strategies is on the rise as asset owners tap into the equity risk reduction and downside protection inherent in systematic trend-following approaches. Institutional investors have been pum

  2. Comment: For emerging market debt, a sustainable recovery[more]

    Matthias Knab, Opalesque: Standish Mellon Asset Management Company writes on Harvest Exchange: After several difficult years, the outlook for emerging market debt (EMD) denomin

  3. J.P. Morgan Global Alternatives raises distressed shipping fund[more]

    From Institutionalinvestor.com: J.P. Morgan Global Alternatives has closed a $480 million fund to invest in distressed shipping assets, attracting capital from pensions, endowments and insurance companies. The firm, which has been investing in maritime for more than a decade, initially targeted $400

  4. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  5. Real estate fundraising currently challenging for emerging managers[more]

    Benedicte Gravrand, Opalesque Geneva: According to research house Preqin, emerging managers of private real estate funds have found the fundraising environment to be increasingly challenging in recent years. This is mainly because investors are de