Fri, Jul 31, 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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge funds, seeing opportunity, invest in struggling hotels in Puerto Rico[more]

    From NYTimes.com: Puerto Rico’s tourism industry has fallen victim to the island’s struggling economy, hit by one misfortune after another. In March, the San Juan Beach Hotel filed for bankruptcy. This week, the Condado Plaza Hilton was forced to close its casino. But nearly two thousand miles away,

  3. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  4. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  5. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

 

banner