Sat, Jul 23, 2016
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

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 Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe