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From Komfie Manalo, Opalesque Asia:
The month of August was the most disastrous for many hedge fund managers as the equity markets were hit hard by the worsening European debt issue and the U.S. sovereign downgrade. Even the most veteran and most experienced fund managers including Steven Cohen, Dan Loeb, David Einhorn and John Paulson were hit by double-digit declines during last month’s market sell off (See Opalesque Exclusive: here)
But while most hedge fund managers are licking their wounds from the gloomy markets, Florida-based Stonehenge Asset Management, LLC, manager of the Stonehenge Diversified 1 Fund has been outperforming its peers during months of extreme market volatility.
The fund was up +0.23% in August and as and as of September 23, + 4.43% for the year. Additionally its sister company Stonehenge Capital was +8.52% for the year, significantly more positive compared to the other benchmarks representing the components of its approach. In August, Barclays BTOP 50 CTA Index was down -0.39% (-1.93% YTD), Barclays CTA Index -0.13% (-0.80% YTD), Newedge CTA Index -2.03% (-1.50% YTD), Newedge Short-Term Sub CTA Index -1.05% (-2.85% YTD), and S&P 500 -5.68% (-3.08% YTD).
"We continue to outperform those benchmarks and remain relatively uncorrelated to them, as is our goal. It is a testament to our str...................... To view our full article Click here
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