Wednesday, 22 October 2014
Last updated 1 hour ago
Jun 4 2008 | 12:47pm ET
Luxembourg-based VAM Funds in April unveiled its first hedge fund product, a multi-strategy fund of funds.
The VAM Alternative Strategy Fund began trading with US$11 million and ended its first month up 0.57%.
Its portfolio is heavily weighted to relative-value strategies, which make up 55% of its holdings, followed by event -driven (20%), macro (13%) and equity hedge (12%). Its top five positions include Trafalgar Capital Specialized Investment Fund, FMG Select Fund, Cassiopeia Fund, Drawbridge Global Macro Fund and Valens Offshore Fund.
In April, the best performing underlying manager for the fund was the CAT Gryphon Fund, a multi strategy fund, (up 2.23%), followed by Trophy LV Fund (up 2.22%), a long/short equity China-focused fund.
The fund has a minimum investment requirement of $10,000, € 8,000 or £5,000.
VAM was founded in 2001 and manages a slew of long-only and property funds.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...