Sat, Apr 19, 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: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Opalesque Exclusive: European stock-picking fund up 19% YTD, bets on small caps’ high cash level[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Here is a European long/short equity fund that has been beating the odds since its 2008 inception by employing its own investment model, frequent company visits

  3. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  4. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  5. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A