Thu, Mar 30, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Trend following macro fund stays afloat thanks to discretionary layer

Monday, March 31, 2014

amb
Ray Carroll
Benedicte Gravrand, Opalesque Geneva for New Managers:

Here is a macro, trend following hedge fund that has not been doing too badly in its nearly three-year existence. The managers attribute its sound performance to their taking over risk and trading once the program has identified trends.

Breton Hill Master Fund LP returned 0.93% in February, a month when the equity markets were volatile, U.S. numbers were weak, emerging market concerns receded slightly (though Ukraine gave rise to some concern) and commodities experienced large price fluctuations due to weather surprises. That month, the macro fund, which invests long and short in equities, commodities futures, financial futures and currencies, increased its long posture across equities and commodities.

According to the fund’s monthly report, the managers look for a rebound in economic data, a continuation of the bull trend in stocks; they remain nimble and are wary of escalating knock-on effect from emerging markets.

The $219m fund, incepted in August 2011 and run by Breton Hill Capital out of their Toronto offices, is down -4% YTD, after returning +10.3% in 2013, +3.45% in 2012 and -3.44% in 2011.

Trend following is an investment strategy based on the technical analysis of market p......................

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: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  3. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He

  4. Opalesque Exclusive: Swiss start-up and German fund manager to launch AI hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: NNAISENSE, a Swiss start-up that develops artificial intelligence (AI) and machine learning applications, and

  5. Eric Mindich to shutter hedge fund Eton Park after difficult 2016[more]

    Komfie Manalo, Opalesque Asia: Erich Mindich is shutting down his hedge fund Eton Park after losing 9% in 2016 and its assets falling by $2bn to the current $7bn, Reuters reported. Mindich told investors