Mon, May 25, 2015
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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. New market regime has created more dispersion between managers[more]

    Komfie Manalo, Opalesque Asia: The month of April has marked the transition toward a new market regime, Philippe Ferreira, Lyxor AM’s head of research, managed account platform, commented in the May 5's Weekly Briefing. "The first quart

 

banner