Wednesday, 17 December 2014
Last updated 8 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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