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From Komfie Manalo, Opalesque Asia:
June was another disastrous month for the hedge fund industry as the average fund lost 2% during that period. Only a handful of hedge funds turned in positive results, including Branta Solutions Fund, managed by $45m Amsterdam-based Roodhals Capital which was up +0.68% in June (+0.74% YTD).
The firm, which is one of the many fund’s featured in Opalesque Solutions’ Emerging Managers Database, outperformed the MSCI World and HFR Global Hedge Fund index last month. Over the last 12 months the fund returned 16.35% (compared with 8.0% for the MSCI World and 3.8% for the HFR Index). The fund reports volatility over the period to have been at 7%. When compared to sustainable investment indices such as the Dow Jones Sustainability World index (+6.4% over the 12 months to June 2011) and the WilderHill New Energy and Innovation index (down 4.4% LTM), the fund also outperformed.
In an exclusive interview with Opalesque, Willem Appel attributed June’s positive gains to the firm’s short positions in equity and credit. "We had short positions in apparel/-retail based on high cotton prices and Chinese wage inflation that put margins in that sector under pressure. In addition, we were short in steel, oil servicing," he said.
Branta also has some of its short position in bonds. The bond shorts contributed ...................... To view our full article Click here
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