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Alternative Market Briefing

The Corona Fighters Report 29: Asset managers who delivered in the downturn

Thursday, May 14, 2020

amb
Bailey McCann, Opalesque New York:

Amid the current market turmoil, this is our regular report on hedge fund and alternative asset managers who are bucking the trend.


Contained volatility

Finnish firm Estlander & Partners flagship Glacies Fund is up 4.18% year to date. The fund has an annualized return of 11.7%.

Estlander & Partners is a trend follower that has been trading since 1991. The Glacies strategy, which was launched in 2019, aims to be a complement to an investment portfolio, it has no correlation to the equities market and is designed to perform well during market drawdowns while containing volatility. The strategy allocates to several premia selected to provide return opportunities in different environments.

The outperformance comes as volatility strategies broadly are doing well. The Backstop BarclayHedge Volatility Trading Index which was up 7.28% through the end of April.

Mortgage investing

California-based Rama Capital Partners' flagship strategy The Rama Fund is up 1.41% year to date. The strategy provides access is to trust deed/mortgage investing through a portfolio of debt instruments that provide monthly income. Since the fund's launch in September 2008, it has produced positive returns every month with an average annual return of 9.26% and a cumulative net return of 179.08%.

The fund's pooled resources are loaned to real estate owners who may not qualify for traditional funding.

According to an investor update reviewed by Opalesque, Rama's conservative lending approach has acted as a bulwark during a time when mortgages are under pressure. "We continue to apply our conservative approach from March, only recognizing payments as they are collected and then allocating the fund's income into its loan loss reserve. We will re-evaluate this position at the end of May," the update said.

Crisis alpha

Six Alpha Capital Advisors, the investment management arm of a Detroit, MI based family office flagship strategy Six Alpha ES Program was up 1.33% in April and is up 9.14% year to date. The strategy generates an annualized return of 12.18%.

Six Alpha ES Program is a systematic multi-strategy stock index trading program designed to generate crisis alpha or excess returns during market drawdown while limiting performance drag during market rallies. The program includes mean reversion, gap-up, and gap down strategies. A self-learning process continuously determines the amount of risk capital allocated to each strategy. The strategy is managed by Sean Khan who co-founded the firm with Anthony Laverde who was previously with SAC Capital Advisors.

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Previous issue of The Corona Fighters Report: Report 28.

Opalesque's Corona Fighters reports are open articles. To see all past articles, type Corona Fighters in our search engine: www.opalesque.com/index.php.

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Disclaimer: This is not investment advice. Opalesque has not verified this information and gives no warranty of accuracy or completeness. Past performance is not indicative of future results. See our Terms & Conditions for more information.

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WEBINARS:

VIDEO REPLAY of CORONA FIGHTERS - Episode 1 webinar:

Watch the replay here: www.opalesque.com/webinar/#pw4

Meet five Managers and learn how and why their strategies delivered positive returns and/or protected capital during the Corona led market meltdown in one hour!

"A well-chosen topic of discussion and a great set of speakers to hear and learn from."
"I enjoyed the webinar and found the introduction to the strategies to be diverse and insightful.
"Very resourceful and insightful."

700 people registered for the CORONA FIGHTERS - Episode 1 webinar.


Don't miss EPISODE 2

Time: Tuesday, May 19th at 10 am EST
Register: www.opalesque.com/webinar/

You will be able to tune in to this webinar from any computer, tablet, or smartphone. The webinar will be recorded - in case you are not able to join, all registered participants will be provided a link to replay the webinar.

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