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Alternative Market Briefing

The Corona Fighters Report 52: Asset managers who delivered in the downturn

Wednesday, June 24, 2020

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.


A convergence in gold

Interest in the gold market is hitting new highs as investors look for haven asset classes. Typhon Capital Management's Vulcan Metals Fund had its best month in the history of the strategy following a physical/futures convergence trade in gold that led to outperformance. The strategy was up 5.95% in May and is up 4.56% year to date after making up negative performance in April, according to performance information for investors reviewed by Opalesque. The strategy was launched in 2017 and has an annualized return of 9.45%.

Vulcan Metals is a discretionary metals fund that trades on the Typhon Capital Management platform. The fund uses a mix of arbitrage and flow trading in both base and precious metals to capture dislocations in the structure of the metals market. The strategy is managed by James Gallo, building on his years as a commodities trader. Gallo became the youngest COMEX trader ever at age 21. Vulcan Metals was featured in Opalesque New Managers in 2018.

Typhon Capital Management is a multi-strategy platform that includes funds and separately managed accounts. In July, Typhon is expected to launch the Argos Tactical Trading Swap on the Morgan Stanley ALPHAS platform. Argos is an algorithmically weighted blend Typhon's SMA strategies that provide commodities exposure.

A fund of funds finds its way

Florida-based Shaked Capital Advisors flagship vehicle Shaked Opportunity Fund was up 3.9% in May net of fees. The fund of funds focuses on investing in emerging hedge fund managers that have shown consistent outperformance and are under $1 billion of assets under management.

Strategies represented in the fund include long/short fundamental, event driven, relative value, arbitrage, and statistical. Managers invest in both emerging and developed markets. For managers to be included in the fund of funds, they have to fit within two frameworks. The first is a basic quantitative evaluation of performance and the second is a proprietary qualitative overlay that looks at whether a strategy is sustainable. The fund of funds has an annualized return of 10.5% since its inception in 2011.

Shaked Capital Advisors is led by Amir Shaked. Shaked was previously a portfolio manager at DB Advisors and held roles at Cobalt Capital Management and Balfour Investment Management.

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Last issue of The Corona Fighters Report: Report 51.

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 15 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 4

Meet five more asset managers who delivered during the meltdown.

Time: Tuesday, July 21st, 10 am EST
Details and registration: www.opalesque.com/webinar/



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


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