Fri, Oct 28, 2016
Welcome Guest
Free Trial RSS
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

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. 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

  2. Investing - Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities, Lansdowne's Roden says likes animal genetics company Genus[more]

    Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities From As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redem

  3. Opalesque Roundtable: Style drift, poor communications and credibility fatigue are biggest red flags for hedge funds investors[more]

    Komfie Manalo, Opalesque Asia: Style drift, poor communications and credibility fatigue are the biggest red flags for hedge funds investors, said participants of the latest 2016 Opalesque Investor Roundtable, sponso

  4. Barclay CTA Index down 0.40% in September (+0.10% YTD)[more]

    Managed futures traders lost 0.40% in September according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.10% year to date. “The US Fed, in spite of its hawkish tone, opted to hold rates steady which roiled financial markets,” says Sol Waksman, founder and president of BarclayHe

  5. Opalesque Exclusive: Meet Emma, your friendly A.I. helper[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Shaunka Khire, who co-designed an artificial intelligence (AI) robot called EMMA/MANSI, talks to Opalesque