Wed, Sep 24, 2014
A A A
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Outlook - Julian Robertson: There are two bubbles that can bite us[more]

    From Businessinsider.com: Legendary hedge fund manager Julian Robertson gave a warning about two bubbles that could "bite us" at Bloomberg Market's Most Influential Summit. "I agree with the fact that the economy is definitely getting better. I think the cause of that is two bubbles that will

  3. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  4. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  5. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e