Varus Fund Struggles In Q1 2012

Apr 18 2012 | 11:19am ET

After ending 2011 up 20.7%, Varus Capital Management is off to a disappointing start in 2012, down 6.0% year to date.

The Varus Fund, a long-short equity strategy focusing on German mid- and large caps and their European competitors, has posted three consecutive losses so far in 2012, most recently shedding 3.55% in March.

In its monthly letter to investors, Varus blamed the losses on a failure to “get it right in buying our best risk/reward investments at lower prices given an environment of falling earnings.”

It characterized the first-quarter market rally as being “purely based on market manipulation by the ECB and pricing out tail risk and recession…as opposed to reacting to any real positives like positive earnings growth or change in fundamentals.”

The Varus Fund’s total return since inception stands at 38.6%.

 


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Provio Brings Anonymous Interviewing to Wall Street

Aug 12 2015 | 2:44pm ET

Taking a page from social networking and dating websites, a startup technology company...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note