Fri, Nov 28, 2014
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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed