Mon, Oct 20, 2014
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   |   

Banner

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. Opalesque Exclusive: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  2. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  3. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  4. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  5. Sparx optimistic about outlook for Japan[more]

    Benedicte Gravrand, Opalesque Geneva: According to SPARX, there are causes to be optimistic about the outlook for the Japanese market and the country's economy in general. Sparx Asset Management is a Tokyo-based asset manager, part of