Sat, Feb 6, 2016
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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Computer-driven hedge funds make money during January’s selloff[more]

    Komfie Manalo, Opalesque Asia: Commodity trading advisers (CTAs) that use computer programs to guide how they trade, made millions of dollars during last month’s market selloff on the back of declining oil prices and global equities and big moves in currencies. Data provider