Mon, Aug 31, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Old Park launches systematic trading program Maestro Fund

Tuesday, September 02, 2014

Komfie Manalo, Opalesque Asia:

London-based Old Park Capital announced the launch of its Cayman Island-domiciled fund, Old Park Capital Maestro Fund Limited, that will be managed according to the Maestro strategy.

Hugo van Kuffeler, Chief Operating Officer at Old Park Capital said the firm is now running $250m on the Maestro strategy. He added that the new fund has chosen Goldman Sachs as the prime broker while Centaur Fund Services will be its administrator.

Van Kuffeler said in a statement, "The Maestro strategy has been extended to the S&P500 futures in a way that dynamically optimizes the use of capital (the notional exposure that is not used for a Eurostoxx position is made available to an S&P position and vice versa) and makes full use of the complementarities of the futures trading windows (the S&P activation window begins when the Eurostoxx activation window ends)."

The strategy combining Eurostoxx and S&P has proved:

    to be resilient in times of decreasing volatility;
  • to generate returns when volatility is stable (even at very low levels as is currently the case), with +2.15% in April, +2.23% in May & +3.24% in June;
  • to generate outsized returns when volatility is increasing.

He said that the S&P component of the strategy has worked well by boosting the Maestro’s activation frequency (the main driver of the performance as the wining ratio when the s......................

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. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner