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From the Opalesque team:
A French hedge fund was one of the best YTD performers among his global peers in September, reported French paper Le Journal Des Finances last week. The fund is called Stratus and it is managed by Capital Fund Management, aka CFM, one of the largest hedge fund firms in France.
Stratus returned 6.2% in September and is up 38.4% YTD, ahead of J. Paulson's fund which is up 13.2% YTD. The Stratus multi strategy program is a blend of CFM's quantitative strategies, and a third of its investors are pension funds.
The Eurekahedge Europe CTA / Managed Futures Hedge Fund Index was down 0.71% (est.) in September and up 7.48% YTD. But other CTA indices have not done as well; the Barclay CTA Index advanced 0.93% in September and 0.04% YTD; and EDHEC's CTA Global index climbed 1.69% in September but dropped by -1% YTD.
CFM is a systematic investment manager based in Paris, managing $2.6bn in four hedge funds. Jean Pierre Aguilar founded it in 1991 (Aguilar died in a gliding accident in the Alps this summer: Source).
CFM was last in the news in the summer of 2007, when it lost heavily following the collapse of Sentinel Management Group, a U.S. cash management firm. CFM recouped all loses by the end of that year. In May-08, Sentinel was finally charged by the CFTC with fraud and segregation v...................... To view our full article Click here
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