Friday, 22 August 2014
Last updated 2 min ago
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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note