Tue, Sep 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Old Park’s Maestro strategy returns +2.08% (+3.16% YTD)

Friday, March 07, 2014

Komfie Manalo, Opalesque Asia:

London-based Old Park Capital’s Maestro Managed Futures Strategy returned +1.08% in January and +2.08% in February (+3.16% YTD) as political uncertainties in emerging markets continue to create anxiety for investors.

"Weakness in emerging markets as the QE taper-induced capital outflows unveil structural inefficiencies and exacerbate political divides (Turkey, Argentina, Venezuela, Thailand, Ukraine, South Africa, Brazil) and most importantly, there remains a question mark over China’s ability to maintain a growth rate north of 7% per annum," Old Park said in its monthly report to investors.

It said QE tapering is set to continue as scheduled and investors are still scratching their heads to assess the likely impact of the withdrawal of what has been the biggest liquidity tsunami in history.

"If we are set for a year of consistent volatility, then the Maestro strategy provides a particularly relevant option for investors. Not simply for the reason that increased volatility on the Eurostoxx will deliver outsized performance but because the strategy will also offer a unique hedge to equities in developed markets, whilst remaining completely uncorrelated to other CTA style strategies. VSTOXX has increased from a 7 year low in December 2013 of 13.79% to 24% in early February 2014," it added.

The fund boasted that its 2.08% performance in February is a testimon......................

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. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  2. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  3. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  4. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

  5. Opalesque Exclusive: Foundation returns slide, but commitment to alternatives remains[more]

    Bailey McCann, Opalesque New York: Private and community foundations posted returns of 6.1 percent for the 2014 fiscal year (January 1 – December 31, 2014), down from the 15.6 percent return reported for FY2013, according to the latest Council on Foundations–Commonfund Study of Investment of End

 

banner