Quant Fund dormouse Gains 5.8% in July; Up 26.3% YTD

Aug 5 2015 | 5:23pm ET

Alternative investment management company dormouse has released July performance figures above most of its peer fund managers and global investment industry benchmarks.

Dormouse, which was founded in 2011 by former IKOS CIO Martin Coward and opened to outside capital in 2014, booked a gain in July of 5.86%. The tally brings the fund’s year-to-date return to 26.32%, compared with 0.93% for the HFRX Macro/CTA Index.

Dormouse is a quantitative systematic managed futures firm that utilizes rigorous scientific methodologies to test and develop rule-based strategies for investing in global financial markets.

When it opened to outside capital in 2014, Coward described the fund as a systematic multi-strategy fund focusing on identifying under- or over-priced liquid securities across stock indices, fixed income, rates, FX and commodities, and exploiting the increased correlation between asset classes. 

Coward, who is generally considered to be one of the pioneers of European quantitative hedge funds, co-founded IKOS in 1992 and led it until December 2009. During his tenure, IKOS' unique trading strategies enabled it to become one of the most successful hedge funds in the world, with peak assets of $3.5 billion.

Following his departure from IKOS, Coward spent most of the next two years battling his estranged wife, IKOS chief Elena Ambrosiadou, in court; the two filed more than 40 lawsuits against each other in four countries, alleging spying, theft and a wide range of other alleged misdeeds. 

The legal action culminated in mid-2013 when a British court determined the trading code developed by Coward while he was at IKOS were property of the firm.


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