Sat, May 25, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
Alternative Market Briefing

Global Sigma Group up +3.89% in September (+14.50% YTD) anticipating market turnaround points
Thursday, October 20, 2011

From Komfie Manalo, Opalesque Asia:

Emerging manager Global Sigma Group LLC quickly recovered from its first negative month in August to post a strong +3.89% returns in September and finish the last quarter up +14.50% year-to-date, after anticipating several market turn-around points. Not only did Global Sigma managed to pull off a strong return during one of the most difficult market conditions since the 2008 global financial crisis, the program generated its best performance so far last month since its inception in November 2009.

"The option market fully priced in the volatile market condition in September," said Hanming Rao, Chief Investment Manager of the Delaware-based CTA program. "It was actually a very favorable environment for our short term trading model," he told Opalesque in an exclusive interview.

Mid-way into October, Rao said the month started with a brief sell off in the S&P500 index and then quickly rebounded. "Our model was not affected by the initial sell off. The program is up about 0.7% for the month and about 15.3% for the year after 2-20 fees adjustment."

Going forward, it seems European markets had largely discounted the Greece issue and decided to move forward. Rao commented, "We believe markets may keep the rally for a while. There will also be a lot of earning reports in the......................

To view our full article Click here
Article link
Banner
Today's Exclusives Today's Other Voices Banner More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Endurance Series Trust launches first mutual fund, multi-series trust[more]

    Bailey McCann, Opalesque New York: Endurance Series Trust, a multi-series trust, is launching with Gator Capital Management, LLC as the adviser for the Trust’s first mutual fund series. Endurance Fund Services, LLC, an independently owned and operated fund administration company will serve as t

  2. Morgan Creek Capital Management to acquire Signet Capital Management[more]

    Bailey McCann, Opalesque New York: Investment firm Morgan Creek Capital Management has acquired Signet Capital Management a UK-based credit fund of funds with $700M in assets under management. Under the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek

  3. North America – Students are launching hedge funds on colleges across America[more]

    From Valuewalk.com: …From Cornell, whose student-run hedge fund beat Wall Street returns to the University of Michigan, which allows its students to manage as much as $250,000, student hedge fund are becoming a more prominent part of financial education. Their success has attracted the attention of

  4. Comment – Can hedge funds survive Bernanke?[more]

    From Bloomberg.com: …The biggest reason for the market tranquility might be the Federal Reserve's repeated assurances that it will maintain zero interest rates and provide monetary stimulus until the economy recovers, and unemployment ebbs. That may just account for the recent flurry of storie

  5. The status quo & up-coming investment opportunities in asset based lending: We are not seeing enough capital being dedicated to the asset based lending space. There are numerous boutique - smaller hedge funds - that are being brought some very interesting and lucrative deals. These are not being done because they haven’t got sufficient investor capital to lend out.
Click here for More about Opalesque Tracking
- A new, unique Premium Service -
  1. Penrich
  2. MS
  3. MGH
  4. NZARA
  5. 36 South
  1. global macro
  2. hedge funds
  3. bridgewater
  4. people
  5. asian hedge fund