Sat, Sep 20, 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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  5. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e