Performance: Alpha Titans FoF holds up in January (-0.25%) as `premier multi-strategy` hedge funds demonstrate alpha and exhibited superior risk management, adds Tudor, Farallon and Tewksbury, New York structured credit HF losses 40%, `things are going to get a lot worse before they get worse`, Managed futures firm Xanthos pulls plug on quant funds
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Opalesque Exclusive: Alpha Titans FoF holds up in January (-0.25%) as `premier multi-strategy` hedge funds demonstrate alpha and exhibited superior risk management, adds Tudor, Farallon and Tewksbury
Multi-manager hedge fund Alpha Titans said its Alpha Titans 1x share class was down only -0.25% in January, demonstrating that managers in the Alpha Titans portfolio have generated alpha and exhibited superior risk management, according to an investor communication obtained by Opalesque.
Alpha Titans was launched end of 2007 with equal allocations to DE Shaw, Renaissance, Citadel, IKOS and Whitebox. Most of these managers are either closed to new investors, or cannot be acquired by new investors without very high minimums and lockups.
Alpha Titans said January was the third consecutive month of negative returns for global stocks and hedge funds. Over the last three months the S&P 500 is down –10.55%, the MSCI World Index lost –12.42% and the broader hedge fund industry is down approximately –2.89%. The Alpha Titans 2x share class has returned +2.03% over the same three month period.
The firm says their managers` "outperformance in this period supports our original premise in launching the Alpha Titans Fund. We firmly believe that the hedge fund industry has reached a stage of evolution where premier multi-strategy `Alpha Titans` possess significant competitive advantages over single-strategy competitors. The logic behind our assessment is set forth in...................... To view our full article Click here
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