Sat, May 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund Zen Capital up 2.6% in April, outperforms HFRI Fund Weighted Composite Index

Thursday, May 09, 2013

From Komfie Manalo, Opalesque Asia – Cayman-domiciled Zen Capital Management Global Fund SP rose 2.67% (gross) for the month of April, significantly outperforming the HFRI Fund Weighted Composite Index which rose 0.69%, the fund said in a statement.

The hedge fund, managed by Zen Capital Management said in a statement , that they were able to deliver the world’s highest risk-adjusted return during the month.

"What is remarkable about this return is that was delivered with a daily volatility 60% lower than that of the S&P500 over the same period. The combination of strong returns and low volatility meant Zen achieved an extremely impressive Sharpe Ratio of 5.02 for the month. This performance is likely to be one of the highest, if not the highest, risk-adjusted return for any hedge fund in the world for the month of April," the statement reads.

Managing Director Gregory Carroll commented, "The fund was designed to deliver attractive returns with low volatility. We were very happy with our March performance but our performance in April has been even stronger despite April being a more challenging month for most managers."

In March, the fund claimed to have outperformed its peers after postin......................

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. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  4. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year

  5. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit