Third Anniversary Finds Varus Fund Up 39%

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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.