Osiris Fund Gains 8.2% In March

Apr 13 2010 | 1:32am ET

March was good to one Jersey City, N.J.-based hedge fund, which saw its returns jump 8.2% during the month.

The Osiris Fund’s year-to-date returns now stand at 9.4%, and the fund is ranked third out of 3,527 top performing global hedge funds, according to Bloomberg data.

“The team has positioned the portfolio nicely again this year, and we are extremely pleased with the first quarter net of fees returns,” says Michael Spak, CEO of Osiris Investments, which manages the fund.

On a Rolling YTD, the fund boasts 91.67% periods up.

“At Osiris we take the consistency of our returns very seriously,” says Spak. “Our team’s primary goal is to immunize the volatility of the portfolio. We’ve taken a very defensive posture for the first quarter of the year. That added protection has really paid off.”

The Osiris Fund, which opened up to outside investment in December, utilizes a proprietary algorithmic trading strategy, taking long and short positions in order to take advantage of short-term dislocations in valuations due to market- or stock-specific events.

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