Sun, Jun 26, 2016
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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Visium hedge fund manager Sanjay Valvani found dead[more]

    Benedicte Gravrand, Opalesque London: A hedge fund manager connected with an insider trading case has apparently committed suicide. Sanjay Valvani, 44, a hedge fund manager at New York-based Visium Asset Management, was found dead in an apparent suicide on 21 June in his Brooklyn residence,