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From Matthias Knab: Edison, New Jersey based Paskewitz Asset Management says its Contrarian S&P 500 Stock Index Program returned 32.25% percent in 2008. The Program, now with over 5 years of performance history, has AUM of $101 million.

In addition to offering managed accounts, an Offshore fund was launched for this strategy in December 2008 and a domestic fund is scheduled to launch in February 2009. Access to the strategy is also possible through managed accounts with daily transparency. The program offers monthly liquidity with no gates.

Brad Paskewitz (bradp@pamhf.com)says the program has been consistently profitable since it started in December 2003, and has an annualized return of 27.4% since inception. Mr. Paskewitz noted his program trades exclusively the highly liquid S&P 500 stock index futures and would require no borrowing from prime brokers, since it only uses the leverage provided by the futures contract itself. The program is a multi-strategy short-term trading program with an average holding period of 6 trading days.

According to Paskewitz, the program is negatively correlated with CTA trend-followers and has an estimated capacity of $1 billion.

Managed futures funds were among the best performers of the year, according to the FT, with Mulvaney Global Partners up more than 98 per cent, and Tudor’s $1......................

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