Mon, Nov 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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

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. Regulatory - Stringent rules for hedge funds make the financial system fragile[more]

    From FT.com: …It is one thing to impose a regulatory burden when there is a clear need to do so. Banks are underwritten by taxpayers via deposit insurance as well as the too-big-to-fail safety net; they need to be reined in, and if they shrink as a result, that may be welcome. But it is another thin

  2. Investing - Apple: Hedge funds are crazy about it, Greenlight Capital took stake in Citizens Financial after IPO, Tiger Global added to Hertz, exited Dollar General last quarter, Oberweis sells NQ Mobile stake as Valiant adds shares, Whitney Tilson sticks to losing bet on MagicJack shares, Brigade Capital backs €90m Quinn sale[more]

    Apple: Hedge funds are crazy about it From Techinsider.net: Apple Inc. is still the most popular stocks among hedge funds. According to a recent report by hedge fund tracking site Insider Monkey, more than one out of 5 hedge funds are invested in Apple Inc. At the moment there are

  3. Greenlight Re CEO says hedge fund reinsurance strategy buzz is validating[more]

    From Artemis.bm: The attention being paid to the hedge fund reinsurance business model and the fact that others are now looking to leverage bits of it within their own strategies, is validating for reinsurer Greenlight Capital Re, according to CEO Bart Hedges. There has been an increasing buzz

  4. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  5. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca