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Alternative Market Briefing

German hedge fund Varus Fund up 3.1% on European opportunities

Monday, August 13, 2012

From Precy Dumlao, Opalesque Asia: The Cayman-domiciled Varus Capital Management's Varus Fund, which is advised by Heieck Siebrecht Capital Advisors, was up +3.1% in July (-6.0% YTD) after a strong risk-adjusted monthly performance with negative exposure.

The Varus Fund is a long/short equity fund focusing on German mid and large caps and their European competitors. The fund invests in pair trades and catalyst driven long and shorts. Investments are based on quantitative and qualitative analysis and strong competence in German stocks. Varus Fund aims for absolute returns with low correlation and volatility.

The average hedge fund gained last month as the HFRX Global Hedge Fund Index also advanced +0.54% during the period (+1.77% YTD).

In its report, data provider Hedge Funds Research commented, "Global equity markets generally posted gains for the month, with positive contributions from Energy, Oil Services and central European economies, which were partially offset by weakness in US small caps, Southern European and Asian equity markets. Commodities posted gains concentrated in Wheat and Corn on US drought conditions, while Oil and Natural Gas also posted gains. The US Dollar gained against the Euro and GBP, while declining against the JPY. Overall, Hedge Funds posted gains for July, ......................

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