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From Komfie Manalo, Opalesque Asia:
Volatile markets benefit specialized strategies, says Jesse J. Redmond Founder and Co-Portfolio Manager at Evolved Alpha, LLC, a Montecito, California-based multistrategy hedge fund that provides transparent, liquid and secure access to specialized alpha-return strategies trading liquid financial instruments.
This was evident during the volatile month of July when most hedge funds and stocks were down, but Evolved Alpha Specialized Strategies returned +2.04% and was 5.83% YTD during that month. In fact, Redmond said that the firm’s Specialized Strategies were their primary driver of returns in July. "Managers navigated earnings season very well and made money consistently on both the long and short side. Returns were also enhanced by our decisions to tactically increase allocations to select equity-trading strategies early in the month," he told Opalesque in an exclusive interview.
Evolved Alpha is currently featured in Opalesque Solutions' Emerging Managers Database.
He added that futures and currency trading results were mixed in July. Trend following, relative-value commodities and short-term futures trading were profitable. Currency trading was difficult as markets vacillated between risk-on and risk-off mode throughout the month. Global macro was also down in July, yet tight...................... To view our full article Click here
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