Wed, Aug 31, 2016
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. The Big Picture: Water is single largest environmental investment opportunity[more]

    Benedicte Gravrand, Opalesque Geneva: Water, the world’s most precious and undervalued commodity, is set to lead the socially and environmentally responsible investment themes. This is according to specialist fund manager Thomas Schumann. His firm,

  2. Commodities - Hedge funds pile into bullish bets on U.S. crude by most on record, Rig count steady, hedge funds dump short contracts on 63 million barrels, Hedge funds bail on Copper as Goldman predicts ‘supply storm’, Hedge funds pile up bets against sterling[more]

    Hedge funds pile into bullish bets on U.S. crude by most on record From BRecorder.com: Hedge funds and other speculators raised their bullish bets on US crude oil in the past week by the most on record fuelled by speculation that Organization of the Petroleum Exporting Countries will agr

  3. Investing - U.S. hedge fund Marathon makes Brexit bet on European property, Hedge funds love Liberty and John Malone, DE Shaw could bid for control over TerraForm Power, New York hedge fund increases stake in Tronc as sale talks continue, Don't wait too long to check this +20% value fund's ideas[more]

    U.S. hedge fund Marathon makes Brexit bet on European property From FT.com: Marathon, a $13bn US hedge fund, is building a big Brexit trade, increasing its investments in property across Ireland, France, Germany and the Netherlands, in a bet that they will be among the big beneficiaries

  4. Opalesque Exclusive: Investors struggle to identify the better performing hedge funds[more]

    Komfie Manalo, Opalesque Asia: Fund managers and investors believe that performance is one of the major factors driving change in the hedge fund industry, a Preqin survey showed in its latest Hedge Fund Spotlight. Preqin said that the disappoin

  5. …And Finally - Baby born on Cebu Pacific airplane gets 1 million air miles[more]

    From CNN.com: Here's one kid who'll probably learn to fly before she can crawl. After being born four hours into a flight from Dubai to Manila, baby girl Haven has been gifted 1 million air mile points. Haven's mom went into labor more than five weeks early while flying on an aircraft op