Tue, Aug 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Dacharan’s new quant equity fund up 7.5% in first 6 months thanks to quality of alpha

Thursday, July 31, 2014

Benedicte Gravrand, Opalesque Geneva:

A European fund manager recently launched a systematic equity fund that chases the quality of alpha in the equity space.

Dacharan Capital launched in May 2008 in the UK and subsequently moved to Switzerland, now operating a Jersey/Swiss management company structure. Their new Dacharan Equities Fund is a systematic market neutral equity fund incepted in January 2014; it is up 7.5% YTD (to end-June) net. It invests in a basket of value companies, with a momentum component added to the portfolio to incorporate market sentiment and to diversify.

David Beddington, Managing Partner at Dacharan, told Opalesque that they launched the fund because they are excited about the quality of alpha in the equity space, particularly in Europe. Alpha is the return in excess of the compensation for the risk borne.

"Dacharan’s research has uncovered a number of persistent equity performance drivers that we have a high level of confidence in," he explains. "Because of this, we have no need for beta in the portfolio in order to generate returns."

Recent research has shown that hedge funds are becoming increasing correlated with equity markets, he continues, which suggests that many managers are selling alpha and in fact delivering beta.

Dacharan stays out of the woods by keeping a market neutral portfolio for uncorrelated returns. "We keep a market......................

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. The Big Picture: Water is single largest environmental investment opportunity[more]

    Benedicte Gravrand, Opalesque Geneva: Water, the world’s most precious and undervalued commodity, is set to lead the socially and environmentally responsible investment themes. This is according to specialist fund manager Thomas Schumann. His firm,

  2. Commodities - Hedge funds pile into bullish bets on U.S. crude by most on record, Rig count steady, hedge funds dump short contracts on 63 million barrels, Hedge funds bail on Copper as Goldman predicts ‘supply storm’, Hedge funds pile up bets against sterling[more]

    Hedge funds pile into bullish bets on U.S. crude by most on record From BRecorder.com: Hedge funds and other speculators raised their bullish bets on US crude oil in the past week by the most on record fuelled by speculation that Organization of the Petroleum Exporting Countries will agr

  3. Investing - U.S. hedge fund Marathon makes Brexit bet on European property, Hedge funds love Liberty and John Malone, DE Shaw could bid for control over TerraForm Power, New York hedge fund increases stake in Tronc as sale talks continue, Don't wait too long to check this +20% value fund's ideas[more]

    U.S. hedge fund Marathon makes Brexit bet on European property From FT.com: Marathon, a $13bn US hedge fund, is building a big Brexit trade, increasing its investments in property across Ireland, France, Germany and the Netherlands, in a bet that they will be among the big beneficiaries

  4. Opalesque Exclusive: Investors struggle to identify the better performing hedge funds[more]

    Komfie Manalo, Opalesque Asia: Fund managers and investors believe that performance is one of the major factors driving change in the hedge fund industry, a Preqin survey showed in its latest Hedge Fund Spotlight. Preqin said that the disappoin

  5. …And Finally - Baby born on Cebu Pacific airplane gets 1 million air miles[more]

    From CNN.com: Here's one kid who'll probably learn to fly before she can crawl. After being born four hours into a flight from Dubai to Manila, baby girl Haven has been gifted 1 million air mile points. Haven's mom went into labor more than five weeks early while flying on an aircraft op