Tue, Jul 29, 2014
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. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass