Tuesday, 27 September 2016
Last updated 1 hour ago
Jan 23 2013 | 12:18pm ET
Herakles Capital Management has launched a new trend-following equity hedge fund.
The Herakles Trend Fund I debuted on Jan. 4, the firm said. The fund's proprietary model will focus initially on three indices—the Standard & Poor's 100, German DAX and German MDAX—putting its money in large- and mid-cap stocks that offer liquidity.
The model returned 20.74% in simulated trading last year.
“The principal objective of Herakles Trend Fund I is to invest and generate attractive, risk adjusted returns for its investors by using our ‘Proprietary Computer Model,' which monitors and analyzes a mix of performance indicators that have been useful in identifying momentum trends,” Herakles said. “Our PCM targets emerging ‘leaders’ among individual stocks within a specific industry sector; emerging ‘leaders’ among sectors within a broader diversified index as well as targeting the relative momentum trends in indexes among different markets. (e.g. Germany vs. United States).”