Martin Coward's Quant Fund dormouse Gains +1.27% In April

May 15 2017 | 10:44pm ET

Quantitative investment manager dormouse regained some footing in April, rising +1.27% as systematic CTA managers recovered from a difficult first quarter.

The gain, attributable to dormouse’s managed accounts segment, trims year-to-date losses to -2.72%. Last year, the Malta-based manager gained nearly 14%.

Dormouse’s A and B classes of its hedge fund, meanwhile, performed nearly as well at +1.23% apiece for the month and are down -3.03% and -3.08%, respectively, so far this year. In contrast, Hedge Fund Research’s benchmark HFRX Systematic Diversified CTA Index lost -0.37% in April and is down -1.66% YTD.

Dormouse, which intentionally spells its name with a lower-case “d”, invests in liquid futures contracts in developed economies covering bonds, currencies, equity indices, commodities and short-term interest rates. 

The firm was founded in 2011 by Dr. Martin Coward, formerly CIO of well-known quant manager IKOS. The firm follows a systematic, quantitative, absolute return strategy that targets 10% annualized risk and aims to provide long-term uncorrelated returns from a number of diverse sources including macroeconomic, fundamental, and technical factors.


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