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Alternative Market Briefing

May’s market dramas suit Conquest Capital’s investment approach

Thursday, June 07, 2012

Beverly Chandler, Opalesque London: The $755m investment firm Conquest Capital Group has reported returns for the $612m Conquest Macro of 14.95% in May while the $136m Conquest Managed Futures Select returned 12.59% over the month. The figures gave the Macro fund a year to date return of a loss of 2.96% and the Managed Futures Select fund now stands at a gain of 5.72%. Rolling five year returns for the two funds show Macro at 56.65% and Managed Futures Select at 44.75%.

In a monthly fund report an investor forwarded to Opalesque, Conquest’s Mark H Malek commented that in terms of Conquest Macro’s performance, it generated gains trading each of its asset classes, with foreign exchange proving the most lucrative. Malek also reported that the program realised significant profits in fixed-income and equities.

"This broad-based fund appreciation stemmed from a concerted and uniform change in sentiment, wherein investors sold equities and Euros while purchasing fixed-income securities. These moves proved favorable for the short-term long-volatility and short-term trend-following models. The program saw smaller gains in physical commodities, with the momentum models' participation in dollar appreciation offset by losses in the risk capture sub-strategy" Malek wrote.

For Conquest, their short-term long-volatility models were by far the most successful in May, benefiting from the rapid and violent expansion in volatility from previously-oversold levels. "......................

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