Mon, Sep 1, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

German long/short equity hedge fund Varus up 2.11% in August (+7.3 % YTD), expects strong finish in the last quarter

Thursday, September 12, 2013

Komfie Manalo, Opalesque Asia, for New Managers:

The Cayman-domiciled Varus Capital Management's Varus Fund, which is advised by Heieck Siebrecht Capital Advisors, gained 2.11% last month (+7.3% YTD) and expects a strong finish in the coming months particularly in the last quarter. The fund is up 36.53% since inception in September 2009.

Stefan Heieck, one of the founders of Heieck Siebrecht Capital said, "We are very happy about our work flow in August. The team worked very hard to achieve this outstanding result in a very volatile market. Our investment positioning since March is gaining traction with rising inflows into Europe vs U.S. and Asian markets. The European recovery is underway and our cyclical exposure and stock picking has led to a strong August performance. We are very convinced to achieve further absolute performance in line with our low volatility (6.4%, DAC and MDAS correlation at 0.2) plus very favorable risk-reward investments in our core book for September. The tape goes only in one direction and being back at the high water mark for most of our investors we are very happy into the final months of the year."

Indeed, Varus is very excited in the coming months, particularly in the coming quarters and confidently said it had been more than two years since they had such a clear and strong conviction on businesses.

Heieck added that the rotation from U.S. to Weste......................

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest