Eucalyptus Relaxes With New Fund Of Funds

Nov 3 2008 | 10:56am ET

Eucalyptus Investment has launched a fund of hedge funds that takes a laid-back approach to thematic investing in underlying managers.

According to the Zurich, Switzerland-based firm, the Eucalyptus Relax Fund uses a macro approach to invest and identify what it believes will be the most lucrative investment themes over the coming years. The fund boasts a roster of between 10 and 20 underlying managers in the commodities, infrastructure, emerging markets, healthcare, new technologies and energies spaces.

Relax also employs a systematic trading model that buys exchange-traded funds when share prices are rising and takes short positions to generate positive returns when stock markets are falling.

In it first two months of trading, the fund is up 1.78%. It actually enjoyed a strong September, gaining 3.2% while most hedge funds were posting losses.
 
The firm said the two big waves that had a large impact on the fund in September were the dramatic sell-off of clean technology stocks and the huge drop in the Russian stock market.

“Based on the good fundamentals and the attractive valuations we are thinking about increasing our clean tech allocation,” said the firm. “The performance contribution of our other themes was flat for the month, while the protection allocation was up.”

Eucalyptus was founded in 2006 by Andreas Benz, a former regional manager at Man Investments’ RMF, where he was responsible for marketing and sales to German-speaking Europe. The firm in July added Matthias Pfister, formerly head of portfolio management at Winterthur Asset Management.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.