Prologue Capital Feeder Fund Returns 8% YTD

Dec 16 2011 | 10:36am ET

Add Prologue Capital’s Feeder Fund to the list of hedge funds that are in the black for 2011—the fund was up 8.02% through November.

The $1.3 billion global macro fund rose 1.92% last month, according to an investors letter viewed by Dow Jones Newswires, while its peers lost, on average 0.54% (according to Hedge Fund Research).

The letter attributed part of the November gains to "volatility, inflation and curve flattening trades together with relative value trades on the U.S. yield curve," without elaborating.

The fund also made money by shorting the euro against the U.S. dollar and by shorting the Swiss franc. Its gains, says Dow Jones, were partially offset by European and U.K. asset swaps.

The London and Greenwich, Conn.-based firm told investors it sees opportunities in shorting the euro and the Japanese yen against the U.S. dollar and betting against "front end volatility" in the U.S. or a stabilization in market conditions in the near term.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.