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Opalesque Exclusive: SGAM’s clone fund returns 1.3% YTD, reverse fund recently launched
Jérôme Teiletche, senior quantitative analyst at SGAM Alternative Investments Structured Products, Paris, in an interview with Easybourse.com seen on ZoneBourse.com, talked about SGAM’s hedge fund replicator fund, the T Rex. T Rex has returned 1.3% YTD, outperforming the index (-1.4% YTD.) SGAM uses the HFRI index, and the HFRX as a benchmark index. The historical simulation of the fund over the past years annualised 8.3% with 7.3% volatility. The fund’s current AUM are at €275m ($432.4m).
SGAM has also recently launched the Reverse T-Rex fund, which exposure is supposed to be inversed to that of hedge funds, with the objective of going against specific hedge fund risks. This fund is aimed for sophisticated investors.
“Clones are not competing with funds of hedge funds,” he said. “They are complementary… The replication strategy assumes there is something to replicate. Hedge funds are in this case a suitable condition for such a strategy. Without hedge funds, no replication of hedge fund performances.”
Opalesque Exclusive: CTA` strategy returns 33.26% YTD, 20.94% p.a. since 2005 inception as unstable economic environment favors managed futures investments
Liechtenstein-based AIMhedge is a single manager hedge fund (CTA). Employing managed futures AIMhedge trades on an automated basis. The trading program uses a trend following strategy with built-in ...................... To view our full article Click here
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