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Alternative Market Briefing

The Corona Fighters Report 50: Asset managers who delivered in the downturn

Monday, June 22, 2020

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Bailey McCann, Opalesque New York:

This is our regular report on hedge funds and alternative asset managers who are successfully protecting assets and outperforming the markets during the first months of 2020.


Multi-asset rebounds Stockholm-based Coeli Multi Asset's Multi-Asset Fund was up 2.41% in May and is up 3.21% year to date, according to performance information for investors reviewed by Opalesque. The strategy uses a combination of global long/short equity and a global tactical allocation overlay. The fund provides exposure to a combination of systematic equity long/short and global macro investment strategies.

The strategy takes stock of the market environment on a monthly basis with the goal of creating an optimal mix of equity long/short and global macro based on current market conditions. The strategy will rebalance as necessary. The model looks at global investor sentiment among other data points to assess where the market is headed.

The performance is notable as many hedge funds are still in the red year to date. Stock markets carried April's momentum into May and hedge funds were among the beneficiaries posting a 2.71% monthly return, according to the Barclay Hedge Fund Index, compiled by BarclayHedge. Year-to-date, the hedge fund industry is down 4.67% through May. The S&P 500 Total Return Index is down 4.97% over the same period.

The fund is managed by Stefan Åsbrink who was previously with SEB, Skandia and DNB.

A fund of ETFs outperforms

San Antonio, Texas-based AINN Holding Company's AINN Advantage Portfolio Multi ETF Tactical Long/Short was up 15.63% in April and is up 15.08% year to date erasing losses from January and February, according to performance information for investors reviewed by Opalesque. The strategy has an annualized return of 28.49%.

The strategy uses ETFs across a range of asset classes to create a long/short tactical portfolio. The portfolio includes ETFs with high market cap, high liquidity, equally distributed holdings, and is globally diversified. The strategy uses 30% 1.5X leveraged ETFs as well. The fund uses a proprietary machine learning platform to analyze market factors and rebalance accordingly.

AINN Holding Company is led by Kevin M Carrasco and Stan Sakar who founded the company in 2018 and are also the portfolio managers for the Advantage fund. AINN includes an investment company and also operates separately managed accounts for select investors.

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Last issue of The Corona Fighters Report: Report 49.

Opalesque's Corona Fighters reports are open articles. To see all past reports, please type Corona Fighters in the Opalesque 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:

Meet 10 fund managers and learn how and why their strategies delivered positive returns and/or protected capital during the Corona led market meltdown! Each webinar lasts an hour and features five managers.

"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."


VIDEO REPLAY of CORONA FIGHTERS - Episode 1 webinar: www.opalesque.com/webinar/#pw4

VIDEO REPLAY of CORONA FIGHTERS - Episode 2 webinar: www.opalesque.com/webinar/#pw5


Video replays of Opalesque's past webinars can be found here: www.opalesque.com/webinar/#pastwebinar


Don't miss our new webinars!


- Corona Fighters Episode 3

Meet five more asset managers who delivered during the meltdown.

Time: Tuesday, June 23rd, 10 am EST
Details and registration: www.opalesque.com/webinar/



Opalesque's upcoming webinars: www.opalesque.com/webinar/


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