Sat, May 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Swiss volatility arbitrage fund up 25% in 2012 by profiting from market's myopia

Tuesday, February 05, 2013

amb
Dr. Michel Dominice
Benedicte Gravrand, Opalesque Geneva:

The Cassiopeia Fund, a volatility arbitrage fund, was launched in 2003, after years of research done by the fund's founder, Dr. Michel Dominicé. This fund profit s from markets' irrational moves and proves through its performance that a rational approach to irrationality can lead to high reward.

Indeed, the Share Class B of the fund, which runs $689m, returned 25% in 2012, after annualising 15% since its August 2004 inception. The HFRX Volatility Index returned 9.7% in 2012, and the Lyxor Convertible Bonds & Volatility Arbitrage Index advanced 4.5%.

Run from the Geneva offices of Dominicé & Co, the Cassiopeia fund has kept a low profile over the years, until it won an award last year as the best Swiss single hedge fund. Cassiopeia was apparently also the only volatility trader to make Barron's 2011 top 100 Hedge Fund Survey, on which it ranked 49th. The firm is now moving up a gear in terms of visibility.

Statistically significant market bias

Dr. Dominicé, who studied political economy at the University of St. Gallen, had alwa......................

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. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  2. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  3. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  4. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the

  5. AI-based hedge fund brings machine learning investing to masses[more]

    Komfie Manalo, Opalesque Asia: Machine learning-based hedge fund firm Greyfeather Capital is trying to bring artificial intelligence investing to the masses with its plan to expand beyond the limited reach of the alternative investments space. "We're excited to bring AI technology to traditio