Fri, Apr 18, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Varus Fund defies 'disappointing’ June with +1.11% returns (+15.8% YTD)

Tuesday, July 19, 2011

From Precy Dumlao, Opalesque Asia:

Claiming to have demonstrated its risk management skills in a highly volatile market, the Cayman-domiciled Varus Capital Management's Varus Fund, which is advised by Heieck Siebrecht Capital Advisors, was up +1.11% in June and concluded the first half of 2010, up +15.7%.

The average hedge fund lost almost two percent over the month of June according to data from Hedge Fund Research. The HFRX Global Hedge Fund Index posted a decline of -1.59% during the month (-2.12% YTD). June was the second consecutive down month for hedge funds and the worst month YTD, as the median fund posted a loss of 0.9%. It was the worst month for equity long/short funds since May 2010. At least 76% of funds were down in June.

Varus boasted to always manage to emerge with good returns even during times of high volatility like in 2008 and many very weak months since the launch of the fund (May 2011 were positive months for the fund at +1.33%).

In its monthly communication to investors, Varus said: "Our two best investments in June have been European shorts in Lafarge (72 bps) and Lonza (71 bps). Lafarge lost 8.4% and Lonza lost 9.9% during June 2011. Lonza was the worst performer in Switzerland and Lafarge was the third worst performer in the French CAC40 Index. We built convicti......................

To view our full article Click here

Banner
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. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  4. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo

  5. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an