Thu, Jul 16, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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.

***

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


***

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.

***


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/


Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Satori Capital buys into hedge fund manager Mountain Cove Capital Management[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has agreed to back compatriot investment firm Mountain Cove Capital Management. Satori, a multi-strategy firm with more than $1 billion in assets under management, co

  2. SEC proposes to amend Form 13F[more]

    B. G., Opalesque Geneva: The Securities and Exchange Commission (SEC) said on Friday that it had proposed to amend Form 13F - for the first time in more than 40 years. The proposal will update the reporting threshold (currently at $100m) for institutional investment managers and make other change

  3. News Briefs: An amateur investor turned $15,000 into $1m then lost it all, the latest cautionary tale in the day-trading frenzy, SoftBank-Backed Beike Zhaofang Aims to Raise $3bn in U.S. IPO[more]

    An amateur investor turned $15,000 into $1m then lost it all, the latest cautionary tale in the day-trading frenzy From Business Insider: Robinhood-user Richard Dobatse said he turned $15,000 into $1 million, and then lost everything. He told the New York Times: "They make it so easy fo

  4. PE/VC: Could this new metric upend private equity compensation?, Venture funding remains elusive for Black tech entrepreneurs in the US, Fintech to drive biggest VC exits over next five years, Second-quarter VC investing totals appear lackluster[more]

    Could this new metric upend private equity compensation? From Institutional Investor: A secondaries investor and public pension fund are publishing what they say is the first methodology for calculating the dollar value of excess returns generated by private market investments. The

  5. Activists: Effissimo tells Toshiba that shareholders make good directors, Japan activist calls in SPV cavalry for small-cap attacks[more]

    Effissimo tells Toshiba that shareholders make good directors From Reuters: Effissimo Capital Management, which wants to install three directors on Toshiba Corp's board, told the Japanese conglomerate's directors that shareholders make good board members because they are invested in the