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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......................

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