Mon, Oct 24, 2016
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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa