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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......................

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