Varus Up Over 20% After October Rise

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...