Sat, Jun 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Brandywine’s systematic program completes third straight profitable year thanks to diversification philosophy

Friday, January 10, 2014

amb
Mike Dever
Benedicte Gravrand, Opalesque Geneva for New Managers:

Brandywine Asset Management, a boutique fund manager located near Philadelphia, PA, has just completed its third profitable year.

Its Symphony Fund finished 2013 up 3.72% and its more aggressively-traded Symphony Preferred Fund was up 13.45%. Both funds made a small loss in December (-0.16% and -0.66% respectively).

Comparatively, the S&P 500 TR is up 32.2% for the year; the HFRI RV Multi-Strategy Index is up 8.16% (est.) and the Barclay CTA Index is down 1.44% (est.) for 2013.

The Symphony Program is a globally-diversified investment program that incorporates multiple fundamentally-based trading strategies in a systematic portfolio. The Symphony Preferred Fund trades more aggressively at three to five times the standard risk of the other fund. Both were incepted in July 2011.

Over the past two and a half years (July 2011 through December 2013), the S&P 500 Total Return Index (with reinvested dividends) returned +47.91% and the Brandywine Symphony Preferred Fund +56.54% (the Symphony program produced a 12%+ cumulative return). According to Brandywine’s monthly report, the Preferred Fund’s outperformance was achieved without taking on the high level of event risk that is accepted by people who buy stocks.

Event risk is present when an investment is powered by one or a few Return Drivers.

Mike Dever, who was a trader for 30 years befo......................

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. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  2. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  3. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  4. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  5. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to