Thu, Sep 18, 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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Opalesque Exclusive: Old Hill Partners launches specialty finance fund[more]

    Bailey McCann, Opalesque New York: Asset-backed lending is starting to heat up again after a prolonged credit squeeze. The Financial Times reports that a record £18.9bn was borrowed from asset-based lenders in the three months to the end of June. Much of this lending is driven by advanc