Sun, Jun 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Harmonic Capital Value Program up 24% in 2010

Friday, January 07, 2011
Opalesque Industry Update - Harmonic Capital Partners, a successful hedge fund manager trading long/short macro strategies, recorded its highest annual return in 2010.

The Harmonic Capital Value Program* was up 24% in 2010, after recording 2% in 2009 and 17% in 2008. Harmonic invests in liquid futures and FX markets globally using quantitative investment strategies. These strategies take fundamental data and prices and use them to determine relative values between markets. The result is a non-directional portfolio, for instance, short Canadian bond futures versus long US Treasury futures.

Harmonic Capital also offers the Harmonic Macro Program* and the Harmonic Currency Program* both of which were launched in 2003 and performed strongly in 2010; 20% and 8% respectively (net estimated).

David Pendlebury , CEO of Harmonic Capital Partners, commented: “We are pleased to report strong returns in 2010, especially the Harmonic Value Program. Elsewhere the Harmonic Currency Program delivered its eighth consecutive positive year — certainly something to celebrate in the volatile world of currency investing. Aided by performance, assets grew strongly over the year, rising from $425m to $605m. As well as the satisfaction of delivering excellent long-term returns to our investors, we are in a sound financial position and will be investing in the business in the coming year. For instance, we are recruiting further in Sales and Marketing following a senior hire in 2010. We also look to our research and technology teams as areas for additional expansion.”

(press release)

Note to editors

Harmonic Capital Partners is a quantitative long/short macro manager. By construction, Harmonic’s trading style has a low correlation to both discretionary macro managers and systematic trend followers.

Like other successful macro managers we seek to understand what drives markets and how best to exploit these relationships. We then look to build long/short portfolios from these drivers through systematic models. We differ from so called “black box managers” because our investments are clearly explainable and understandable. Furthermore our approach is not dependent on statistical patterns, high frequency trading, special relationships or transient market inefficiencies. Simply put, we are a disciplined macro manager.

Established in 2002, Harmonic employs 16 people and manages over $605 million for a primarily institutional client base...Corporate website: Source
KM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  2. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  3. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  4. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to

  5. Barclay Hedge Fund index gains 0.50% in May, 4.13% YTD[more]

    Hedge funds gained 0.50% in May according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 4.13% in 2017. The Barclay Hedge Fund Index has now been profitable for seven months in a row, with a cumulative gain of 6.10%. The Barclay Technology Index has gained 12.27% in the fi