Sunday, 26 October 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.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.