Tue, Sep 2, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Jabre’s Global Balanced fund loses 27% in 2011

Friday, January 13, 2012

Benedicte Gravrand, Opalesque Geneva: One of the hedge funds run by Jabre Capital Partners, a firm in Geneva which manages around $3bn in AuM, lost around a quarter if its capital in 2011, reports Swiss daily Le Temps. The money apparently went in trading losses but also in redemptions.

The fund, JabCap Global Balanced, now manages around $628m, says Bloomberg, and NAV dived from $183 on 31st December 2010 to $133 on 30th December 2011. This was confirmed by Investment Europe, which said that former top-performing Jabcap Balanced Fund had posted -26.88% for 2011.

Philippe Jabre’s Cayman domiciled-fund gained 20% in 2007, 2% in 2008, 45% in 2009 and almost 4% in 2010. Some commentators said its 2011 losses were caused by wrong bets – much of which in Japan – amplified by derivatives. "We should have seen the economic slowdown in H2 and should have covered our investments, rather than risk it with futures," a Jabre associate told Le Temps.

Jabre bought long Japanese stocks on news of the 2011 Japan earthquake, and then suffered when the Nikkei Stock Average tumbled 13%. Then he sold his shares in late March, just before a rebound in Japanese stocks, costing his firm about $300m, ......................

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  4. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius