Sun, Apr 20, 2014
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

Banner
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. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably