Sat, Dec 3, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Canadian CTA Acorn Diversified Program up 13% YTD

Friday, September 13, 2013

amb
Jason Russell
Benedicte Gravrand, Opalesque Geneva:

Here is a Canadian macro CTA that is outperforming its peers thanks to a blending strategies method and to an exposure reduction algorithm.

The Acorn Diversified Program gained an estimated 0.07% for the month of August and 13.08% year to date. It is managed by Acorn Global Investments Inc., a Canadian CTA/Macro manager located in Ontario.

Acorn focuses on highly liquid investments and seeks to diversify extensively through a wide variety of global asset classes including currencies, bonds, short-term rates, energies, metals, equities and agricultural markets, using multiple strategies with low to negative correlation. Launched in July 2009, the fund returned -5.9% that year, +15.3% in 2010, -5.9% in 2011 and +1.14% in 2012. The fund’s prime brokers are Newedge and IB.

The HFRI Macro: Systematic Diversified Index was down 1.84% in August 2013, -3.54% YTD; the HFRI Macro (Total) Index -1.20% and -2.28% YTD; and the Barclay CTA Index returned -0.60% (est.) and -2.33% YTD.

The managers at Acorn say their fund’s outperformance is down to their method of blending strategies, as well as employing an exposure reduction algorithm that provides them with a signal to reduce system-wide market exposure.

The $50m fund gained from long positions in platinum, gold and silver in August, as well as softs and stock indices.

Silver Nicholas Markos, Acorn’s manag......................

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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Europe - UK investors to pay more tax on money in offshore funds, Do you want to hand your money to super-algo or a Swiss banker?[more]

    UK investors to pay more tax on money in offshore funds From FT.com: Hedge funds in Dublin and Luxembourg are set to be hit by new rules that will force UK investors to pay more tax on the money they hold in offshore funds. As part of the government’s Autumn Statement on the country’s fi

  3. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  4. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  5. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan