Sunday, 21 September 2014
Last updated 1 day 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 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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