Friday, 31 October 2014
Last updated 12 hours ago
Jan 26 2012 | 1:24am ET
A volatile 2011 proved handsomely profitable for 36 South Capital Advisors.
The London-based firm’s tail risk fund, Black Orlov, soared 101% last year. Then again, such returns are nothing new for 36 South, whose previous black swan fund, shuttered in 2009, returned 234% during the economic crisis in 2008.
36 South launched the new fund in 2010. It didn’t do very well initially—its return since inception in June of that year is just 43%. But it earned hundreds of percent on its positive carry U.S. dollar interest rate swaps, HFMWeek reports.
“We are very proud of the performance of this product, through what has been quite a difficult trading environment in terms of value opportunities and market behavior,” principal Anthony Limbrick said. “The performance is a testament to a systematic approach to finding value based on proprietary processes and analytical tools.”
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…
Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.