|
The Nile Fund, a VegaPlus Fund, is an all-cap, North American-focused, quantitatively-oriented long/short equity fund. Larry Seruma, the manager of the Fund, is a product of the University of Chicago, Madoff Securities and Barclays Global (BGI).
Nile’s track record began in mid 2004, and is now 27 months long. Net annualized return is +24.93% (target +20%), annualized volatility +13.74% (target +15%), and a Sharpe ratio of 1.56.
The fund has significantly outperformed its peer group (as reflected by equity long/short indices) and the US equity markets during the last 27 months:
Barclays: 8.92% - outperformance: +16.01%
CSFB/Tremont: 7.89% - outperformance: +17.04%
HFR: +9.89% - outperformance +15.04%
MSCI: +9.97% - outperformance +14.96%
S & P 500: +7.27% - outperformance +17.66%
With recent inflows, Nile is now managing over $150 million with a capacity target of $500 million. VegaPlus seeds and supports innovative investment strategies, and now has assets of $3 billion across 11 diverse strategies extending from equity long/short and fixed income relative value to commodities and emerging markets.
In a recent investor communication, Vega said its VegaPlus platform, which operates independently, has not been materially affected by issues impacting Vega (see yesterday’s article). Formed in mid 2004 to incubate new strategies, VegaPlus provides its portfolio management teams with mid-office, risk management, operational, legal, complianc...................... To view our full article Click here
|
RSS
