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