Conquest Capital Breezes Through June

Jul 10 2008 | 11:04am ET

Conquest Capital Group, a $631 million managed futures shop, is sailing along through the first half of the year.

The firm’s $251 million macro strategy is on pace for it’s best-ever year, gaining 8.14% in June and 26.64% year-to-date. Most of the firm’s Macro Fund’s gains in June came from its short-term, long-volatility strategies, which took short positions in U.S. and European equity index futures, according to Mark Malek, chief investment officer.

Conquest’s $170 million Managed Futures Select, which began trading in June 2004, was up 4.7% in June and 16.3% for the year. According to Malek, the program made most of its gains through physical commodity trading.

However, the firm’s latest offering, Conquest Macro/Carry Blend strategy, which launched in April and is a mix of the global macro foreign exchange portion of the firm’s Macro Fund with the older Conquest Carry strategy, dropped 0.09% last month and is down 1.54% through June.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.