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Alternative Market Briefing

Barac Value Hedge Fund up 8.54% net YTD

Monday, November 21, 2016

Matthias Knab, Opalesque:

Ted Barac writes on Harvest Exchange:

For the three-months ending September 30, 2016, the Barac Value Fund L.P. delivered net returns of 3.34% (after deducting fees and expenses) versus a return of 2.49% for the benchmark1, resulting in relative outperformance of 85 basis points. For the fourth quarter through November16, 2016, the Fund delivered net returns of 0.37% (after deducting fees and expenses)versus a return of negative 0.57% for the benchmark, resulting in additional relative outperformance of 94 basis points. Gross and net annualized returns for the Fund since inception through yesterday’s market close (November 16, 2016) amounted to 10.19% and 8.54%, respectively.

In his investor letter, Ted Barca expressed his belief that the Trump relief rally is unjustified and the market is not adequately pricing-in the uncertainties and risks surrounding the still unknown impact of Trump’s policies. This would be particularly true when considering that stocks were not particularly cheap going into election night. "As such, I have used the relief rally as an opportunity to sell some equities. Following these sales, cash held by the Fund increased from 16% of A.U.M. at quarter-end to over 31% as of yesterday’s market close", he noted.

Ted Barac founded Austin based Barac Capital Management with the belief that investors often over-pay for high-fee alternative asset solutions that deliver below average returns and expose investors to e......................

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