Wed, Nov 22, 2017
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. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  3. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W

  4. Investing - Six more Warren Buffett buys, including Southwest Airlines, Seth Klarman's Baupost Group bets on beaten-up health care, Roark Capital offers to buy Buffalo Wild Wings: Wall Street Journal[more]

    Six more Warren Buffett buys, including Southwest Airlines From Forbes.com: Our latest recommendation for aggressive investors is Restaurant Brands International . Hedge fund manager Bill Ackman has an incredible 40.1% of his fund at Pershing Square Capital Management invested in Restaur

  5. Investing - Tages Capital steps in to rescue Italy's Banca Carige, Hedge funds place $5.4bn bet on Toshiba's resurrection, Why outside investors are fleeing: John Paulson's 6 worst investments[more]

    Tages Capital steps in to rescue Italy's Banca Carige From TheTimes.co.uk: A little known London hedge fund has played a pivotal role in the first rescue of an Italian bank without state intervention since the country's bad debt crisis started three years ago. Banca Carige, a Genovese le