Mon, Mar 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

FX specialist Hathersage Capital makes DBs top 5 list with +21.33% 2010 gains

Wednesday, March 09, 2011
Opalesque Industry Update - According to Deutsche Bank’s FXSelect currency manager returns for 2010, Hathersage Capital Management LLC, a Connecticut-based absolute return currency specialist, is among the top five performers of 56 manager programs which were investable as of the end of December, 2010. Hathersage was the platform’s top performing manager in 2007.

The top five performing manager programs in 2010 were: QFS Asset Management – Currency Program at +37.85%, Navica Currency Alpha Index at +28.72, LCJ Investments at +25.53%, Hathersage Capital Management Long Term Currency at +21.33% and IKOS Currency Managed Account at +18.51%.

Hathersage Long Term Currency is the top performing manager program on the platform since it was launched in March of 2005, having produced an average annual rate of return of +12.62% since that date. All results are reported gross of fees and net of interest.

For 2010, the average manager program on FXSelect returned +5.09%. The median return for the year was +4.74%, while performance for 2010 ranged from a high of +37.85% to a low of -11.03%. Forty-two manager programs (75%) delivered positive results for the year, while ten manager programs (18%) returned 10.0% or more for the period.

FXSelect is a wholesale platform for accessing currency investment skills from the universe of specialist managers. The managers on the platform are a diverse collection of hedge funds, overlay managers and CTAs, deriving their returns solely from trading over-the-counter currency products.

Deutsche Bank launched this unique service to deliver multi-manager currency to the institutional and retail market for currency excess returns and flexible structured product.

(press release)

Source

kb

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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie