Sat, Apr 18, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

February sees German hedge fund Varus Fund sustain winning streak

Wednesday, March 13, 2013

From Komfie Manalo, Opalesque Asia:

The Cayman-domiciled Varus Capital Management's Varus Fund, which is advised by Heieck Siebrecht Capital Advisors, sustained its winning streak so far this year with modest gains in the first two months of 2013 after ending 2012 with double-digit losses.

The fund was up 0.83% in February after finishing January almost flat at 0.07% and bringing its year-to-date finish at 0.9%, while European indices were down between minus 1% and 9%. Varus’ performance in the first two months of 2013 was a welcome respite for the fund which ended 2012 down -13.8% and was in the negative in the whole last quarter of last year.

The fund’s biggest gain last year was recorded in July when the German hedge fund posted a 3.1% profits after a strong risk-adjusted monthly performance with negative exposure.

"In light of Q4 earnings season during February, we achieved 72bps in our trading book followed by 34 bps in our core book and minus 23 bps in our hedging book. This performance was generated by catalyst-driven long and short positioning. The earning contribution has been highly diversified with no position contributing by more than 16 bps to the fund's performance, while the maximum loss of a single position was minus 11bps. In February, the biggest performance contributor was the con......................

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. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  2. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  3. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

  4. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  5. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

 

banner