Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

July volatility rocks CapHedge

Wednesday, August 13, 2014

Bailey McCann, Opalesque New York:

Swiss hedge fund Capital Hedge saw its six month positive return streak end in July according to fund performance information obtained by Opalesque. Both the DPI and KAIROS programs posted negative returns for the month of -1.55% and -4.36% respectively. Both programs were hit with end of July volatility, although a managers comment in the document suggests that they are well positioned for July.

CapHedge is an event driven systematic trading firm with two programs. The Downside Protection and Income (DPI) program focuses on short term trades of G10 currencies and options and futures on S&P, Nasdaq and Russel 3000 indexes. Despite it's recent down month, the fund remains in positive territory up 3.3% year to date. Annualized return through July 30 is 10.44%. The fund has approximately $137m in assets under management and has a target capacity of $300m.

The second program, KAIROS targets a rule-based quasi-automated portfolio management strategy with a focus on position sizing and timing of the trades. KAIROS includes a basket of liquid ETFs representing each major asset class. The fund is up 4.4% year to date, and has an annualized return of 12.87%. The vehicle was launched in 2013 and has $40m in assets under management.

The MSCI World which serves a benchmark index for the fund returned 3.4% through the end of July representing a decline of 0.83 for the month. Reflecting the volatility on the last trading day of that ......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1