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Komfie Manalo, Opalesque Asia: Hedge funds should return at least 10%+ annually because earning less
would make it hard to sell to new investors, said Iwan Vink, founder and
managing director of WinCap Investment Management.
Vink told participants of the latest Opalesque 2014 Netherlands Roundtable, "As long as (a)
fund is returning less than 10%, it’s a bit of a hard sell to new
investors... A lot of potential investors have many asset classes they
are very happy with, especially after the five years of bull run in the
stock market.
Some of those investors don't even care if they are going to lose 10% or
15% on those
assets."
"I think a hedge fund should return at least 10%+, but even then, some
investors don't see the inflection points of bond and stock markets,
and that it may be a good moment now to shift to an alternative
market neutral investment.
He explained while there is still a couple of months before 2014 bids
farewell, he is confident that his fund would return 10%+ this year. The
WinCap Fund is up 8.5% per the end of August which is also a good result
because the fund achieved this with a 60% long / 60% short book. Vink
added that his trading models did not contribute that much because of
lack of volatility. With volatility picking up, this should change. "It
is typically good for our strategies when the markets make a
correction", he added...................... To view our full article Click here
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