Wednesday, 20 August 2014
Last updated 3 min ago
Sep 18 2012 | 8:54am ET
Switzerland's Varus Fund added 0.3% in August, allowing it to celebrate its third anniversary with gains since inception of 39.0%.
Established in 2009 by Absolute Capital Management veterans Stefan Heieck and Frank Siebrecht, the fund—which specializes in German mid- and large-cap companies—has seen its assets under management balloon from US$2 million to US$100 million.
Varus' performance since inception has been achieved with 6.6% volatility and a correlation of 0.2 to the DAX 30 and Eurostoxx 50. The fund has averaged net exposure of 16% and gross exposure of 85%.
Year to date, the fund is down 5.8%. In their monthly statement for August, the Varus founders say their top-performing positions for the month were long positions in Aixtron, BMW, Flughafen Zuerich, Rhoen Klinikum and Salzgitter.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the 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. Read more…
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 Editor's Note