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

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

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

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note