Mon, Apr 20, 2015
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. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  2. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  3. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

  4. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  5. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

 

banner