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Alternative Market Briefing

LD Capital’s equity hedge fund up 15.30% since inception a year ago despite volatile markets

Wednesday, October 19, 2011

From Precy Dumlao, Opalesque Asia:

The lingering financial crisis has not stopped London-based boutique hedge fund manager LD Capital from realizing double-digit returns in its first fund, Marlon Fund 1, which gained 15.30% as at end-September 2011 since its inception in August 2010. YTD, this fund which invests in US mid cap equities with a macro overlay, is up 3.90%. It offers a 1.5%/15% fee set and USD, Euro and GBP share classes.

The fund, which is registered and regulated in Malta, achieved the strong performance investing in a portfolio of around 20 stocks of companies with high growth potential. These companies are all listed on US stock exchanges and can include ADRs of emerging market companies.

Additionally, Marlon Fund has a macro overlay: several hedges are put in place to protect the portfolio against tail risk. Rates and credit markets are monitored in order to define the desired net equity exposure of the portfolio. This hybrid strategy performs well in volatile markets and has returned +2.73% over Q3-2011.

Comparatively, the Hennessee Long/Short Equity Index declined by 3.77% (-5.31% YTD) in September, its fifth consecutive negative month as managers experienced losses as long portfolios significantly declined in value. September was the worst month for the S&P 500 since the loss of -8.20% in May 2010. Hedge funds were hurt by the underperformance of small caps, as the Russell 2000 index ......................

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