Fri, Jul 25, 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

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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  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 Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  4. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  5. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro