Thursday, 31 July 2014
Last updated 4 hours ago
Jan 10 2011 | 1:59pm ET
London-based Harmonic Capital Partners’ long/short macro strategies paid off big time in 2010—the company’s Harmonic Capital Value Program ended the year up 24%.
The 2010 results were a record high for the fund manager and a significant improvement over 2009’s 2% return and even 2008’s 17% gain.
Harmonic invests in liquid futures and FX markets globally using quantitative investment strategies. These strategies take fundamental data and prices and use them to determine relative values between markets. The result is a non-directional portfolio, for instance, short Canadian bond futures versus long US Treasury futures.
Harmonic Capital also offers the Harmonic Macro Program and the Harmonic Currency Program, both of which were launched in 2003 and performed strongly in 2010; 20% and 8% respectively (net estimated).
Said David Pendlebury , CEO of Harmonic Capital Partners:
“We are pleased to report strong returns in 2010, especially the Harmonic Value Program. Elsewhere the Harmonic Currency Program delivered its eighth consecutive positive year—certainly something to celebrate in the volatile world of currency investing. Aided by performance, assets grew strongly over the year, rising from $425m to $605m. As well as the satisfaction of delivering excellent long-term returns to our investors, we are in a sound financial position and will be investing in the business in the coming year. For instance, we are recruiting further in Sales and Marketing following a senior hire in 2010. We also look to our research and technology teams as areas for additional expansion.”
Harmonic currently employs 16 people.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…