Swiss Fund Varus Hits €20M In May

Jun 15 2011 | 8:18am ET

The Zurich-based Varus Fund has seen its assets grow from €1.7 million at its September 2009 inception to €20 million as of May 2011 and its founders, Absolute Capital Management veterans Stefan Heieck and Frank Siebrecht, say this is just the beginning.

“Our run is just starting,” said Heieck in a statement, “the market’s changing again and we won’t go off the ledge with everyone else...The year 2011 has been an extraordinary period of growth, and we are grateful for the support from both new and long-time investors. I believe strongly further investments of new institutions will help diversify and strengthen our capital base and that having them as partners is in the interest of all Varus Fund investors. Our early investments into Sky Deutschland (plus 115% YTD) and SGL Carbon (plus 45% YTD) highlighting our investment edge. Be first, or die.”

According to Siebrecht, launching their fund in the midst of an economic crisis shows the two are “passionate about what we aim for: to become the best in class European long/short equity fund generating superior risk adjusted returns."

The fund’s Class A EUR shares returned 1.33% in May, 14.6% YTD and 40.0% since inception.

The fund also has a share class for U.S. clients which returned 1.78% in May, 18.5% YTD, and 46.9% since inception in November 2009.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR