Sun, Aug 2, 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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

 

banner