Saturday, 1 November 2014
Last updated 17 hours ago
Nov 14 2011 | 11:49am ET
Varus Capital Management's sizzling 2011 continued into the fourth quarter with a positive October leaving both of its Varus Fund share classes above 20% returns for the year.
While Varus, like most hedge funds, failed to capture all of October's equity market upside—the Standard & Poor's 500 Index rose almost 11% on the month—unlike most hedge funds, it didn't need to. Varus' dollar share class is up 27.5% on the year after adding 2.47% in October, while its euro share class is up 20.1% year-to-date following October's 1.46% return.
Varus, which recently won an investment from hedge fund seeder NewAlpha Asset Management, credited its October results to investments in the automotive sector, particularly in Germany.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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