Malachite Capital Management Gains +1.41% In September

Oct 11 2017 | 5:02pm ET

Absolute return investment manager Malachite Capital returned +1.41% net of fees and expenses in September, according to performance data obtained by FINalternatives, bringing the hedge fund’s year-to-date return to +15.93%.

The performance compares with +1.93% and +12.53%, respectively, in the S&P 500 index. Malachite’s fund gained +22.30% in 2016.

Two of Malachite’s three segments performed positively, the data showed. The company’s short-term volatility risk premium book continued to perform well as did opportunistic global positions in its long-convexity risk bucket, while its special situations sleeve lost slightly due to uncorrelated risks in the US, Europe, and Asia. 

Founded in late 2013 by former Goldman Sachs colleagues Jacob Weinig and Joseph Aiken, Malachite Capital Management is a global, market neutral, equity-derivative relative-value fund based in New York.

The fund seeks to earn long-term, risk-adjusted absolute return by capturing the value created from structural inefficiencies and short-term price anomalies in global equity index volatility markets while avoiding exposure to binary macro risk scenarios.

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