Opalesque Industry Update – Florida-based Galbraith Capital has returned +3.40% in May, the month it first began live trading on the HFR managed account platform. The managed account is a 1.5x leveraged version of the firm’s flagship fund, the Galbraith Global Strategies Fund (GGS). The flagship fund is an opportunistic equity arbitrage strategy that invests in over 25 global markets.
According to correspondence with investors when 1.5x leverage is figured into the back performance of the flagship fund, which was launched in September 2006, the strategy has returned annualized returns of +16.68% since inception and has averaged almost 75% in positive monthly performance. YTD the strategy has returned +4.28%.|
The firm also runs $180min assets and also manages a short-term mean reversion strategy that is market, dollar and sector neutral called The Galbraith Systematic Arbitrage Fund.