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Alternative Market Briefing

Singapore funds prove not all is bleak for quant funds, Short book adds to Harbinger Distressed fund`s winning streak, up 19% in July, CypressTree Leveraged Alternative Income Fund reports unprecedented 17.91% loss for July, however maintains positive outlook due to `sound fundamental credit worthiness` of portfolio

Monday, August 13, 2007

Opalesque Exclusive: Singapore funds prove not all is bleak for quant funds From Matthias Knab: “Computers don't always work”, wrote the Wall Street Journal last Thursday an article titled “Blind to Trend, 'Quant' Funds Pay Heavy Price”. That article only named Goldman Sachs' Global Alpha and Campbell & Co.'s CTA with negative returns (down 16% and 12%, see here for full article) and added the Renaissance Institutional Equities Fund would be down “slightly” as well (see below for an Reuters article saying investor documents say the fund is down 7% YTD through Aug. 8th). On Friday, more “blue chip” quantitative funds were reported to have suffered losses: Tykhe Capital, Black Mesa, Highbridge, AQR, Algert Coldiron etc. (see Opalesque's summary here.) The FT says one of its sources, a hedge fund manager, claims the average quantitative fund manager was down about 15 per cent in the first few days of August (click here for this article.)

Over the weekend however, exclusively revealed by Opalesque, two funds from Singapore based Quant Asset Management (QAM) prove not all is bleak for quant funds.

QAM's Global Equities Fund returned 11.68% in Jul......................

To view our full article Click here

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