Category

Multi Alpha Strategies

September 2018: Altaica Alpha Strategies Fund: 0.80%

By | Multi Alpha Strategies

During a tough month for the equity markets the fund performed well. With a positive return of 0.80% for the month of September the year to the return comes to 1.34%. The best performing strategy by far was theCredit strategy. The volatility in this markets gives a lot of opportunities to our selection of managers. Next to this also Global Macro did a relatively good job. The CTA managers turned just into the red. Also our volatility manager and long short equity managers are struggling and loosing a little.

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August 2018: Altaica Alpha Strategies Fund: +0.87%

By | Multi Alpha Strategies

During August the CTA managers were able to deliver uncorrelated performance. Due to their performance the fund also performed well, 0.87%, bringing the YTD result at 0.53%. Also our Currency trader was able to make a good positive return during August. The other strategies didn’t follow the lead of the CTA funds. Our Equity Long/Short funds do have a long bias, this didn’t work out in August. The volatility in Turkey and Southern Europe’s bond markets were the cause of the losses in our Credit funds. Last but not least, the US Dollar contributed to the positive result. In the fund we are almost fully invested. In the next months we expect to invest also the last part of the…

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July 2018: Altaica Alpha Strategies Fund: -0.42%

By | Multi Alpha Strategies

Our serie of months with positive returns came to an end in July. This month we almost finished our rebalancing of the portfolio. Bringing the cash level below the 10% and CTA investments back to the 50% of the portfolio. Equity Long/Short and Credit investment contributed in a positive way to the portfolio result. During July we faced headwind of the weakening of the US Dollar against the Euro. CTA investment and especially Multi Strategy funds contributed in a negative way to the performance. The almost 50% allocation in the portfolio the CTA investments pushed the result into the red. We see a strong momentum in the US Dollar. Due to this we are not hedging our US Dollar positions…

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June 2018: Altaica Alpha Strategies Fund: 0.65%

By | Multi Alpha Strategies

June was an excellent month for our strategy. It showed the reason of being of the fund, equity markets went down by more than 2% and the fund delivered a positive return of 0.65%. Almost all kind of strategies contributed to the positive result. Only Equity Long Short lost almost 3%. We also made steps to decrease our level of cash in favour of CTA investment. During the next months we have the aim to be fully invested. But safety first, to do our homework in due diligence takes time. Mostly by waiting on the requested information from accountants and other external parties involved in the compliance and control of the targeted funds.

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May 2018: Altaica Alpha Strategies Fund: +0.09%

By | Multi Alpha Strategies

May started promising. Most of the funds in our selection performed very well during the first weeks of the Month. However the tables turned in the last 1.5 week. Turbulence because of the Italian Government formation and the starting sign for a trade war with Europe by the tweets of US President Mr Trump swept the markets into all directions. The profits made in the first weeks melted quickly away. CTAs and currency trading performed relatively well. Two months ago we added a new CTA manager, this month he won more than 10% measured in USD. At the opposite of the spectrum we find a Credit Manager, we added this manager at the same time as the new CTA manager….

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April 2018: Altaica Alpha Strategies Fund: +2.32%

By | Multi Alpha Strategies

After two months of losses we recovered most of these losses during April. The positive return of 2.3% is encouraging. We are also happy to see that the performance came from a wide range of funds and almost all strategies. Especially the most recently added funds to the portfolio are strong performers. We are also busy with a couple of new funds which are very promising. In contrary to previous months the differences in performance were small. Next to this we had the advantage of the strengthening of the US Dollar, which boosted the result by about 0.5% over April. We expect also for the next months a continuing support from the US Dollar.  

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March 2018: Altaica Alpha Strategies Fund: -0.84

By | Multi Alpha Strategies

Although the volatility came back on the markets our portfolio was able manage this without much damage. There were two situations that made the fund’s result turn into the red. Firstly most strategies performed around zero, with two exceptions, one (very) negative and one positive. Secondly we felt again the headwind of the weakening USD. Our systems are indicating a turn in the EUR/USD. This is corresponding with the rising interest rates in the USA. The 10 years treasury is near 3%. This is far above the European interest levels. This should help the USD. The biggest downturn came from our European Long Short Equity manager. In March it lost about 11% of its assets. After two years of stunning…

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February 2018: Altaica Alpha Strategies Fund: -2.83%

By | Multi Alpha Strategies

February 2018 will be legendary for the hedge fund industry. The combination of an extreme spike of volatility and a sharp turn in many markets was dramatic, especially for the CTA managers. In total our CTA funds lost almost 9%. Not only the CTA managers had a negative month. Also Equity Long/Short and Event Driven & Risq Arbitrage suffered from the market downturn. Only our Multi Strategy funds produced remarkably positive returns. Next tot the positive contribution we got some support from the US dollar and most of all our cash position of more than 30%. In January we sold some positions which gave us not the right level of comfort. Also we see possibilities in a couple of funds…

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January 2018: Altaica Alpha Strategies Fund: +0.77%

By | Multi Alpha Strategies

We started the year with a positive return of 0.77%. This unless heavy headwind of the US dollar, which lost about 4% of his value. The largest part of the funds were performing positively, however after the US Dollar correction there were a few funds with a serious negative January result. Solid positive returns were produced by the strategies Long Short Equity, 3.5%, and CTA’s, 3%. Both driven by the very strong performing equity and commodity markets. Those funds are riding the Bull. At the opposite side there were also currency trading (FX) and Event Driven / Risk Arbitrage, however these strategies were not able to beat the loss of the US Dollar. In Euros those strategies lost respectively 1.9%…

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December 2017: Altaica Alpha Strategies Fund: +0.32%

By | Multi Alpha Strategies

The last month of the year the fund made a positive return of 0.32%. This number does not show the performance differences between the different categories very well. The best performing category was Multi Strategy, at the opposite side we found Event Drive & Risk arbitrage. The biggest impact came from the US Dollar again. Although we hedged 30% of our US dollar exposure we still had a negative impact on the final result. This was true for December, but also for the whole of 2017. The Dollar (-13%) decline was one the investment events of 2017 and our fund suffered from it. Within our biggest allocation, CTA strategies, there was one excellent performing manager, but the largest part of…

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