Sun, Jul 5, 2015
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: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner