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Resumes 2015. “Russian” and “not Russian” hedge funds

23 February 2016
There are no a rankings of “Russian” hedge funds in Russia. In 2015 I emphasized 5 “Russian” hedge funds about whom I found information:

Fund name

YTD, 2014

Kvadrat SPC

Inception: Aug 2013 / Fund style:  Option strategies & Arbitrage

Location: Grand Cayman, NA, KY

15.93%

Copperstone Alpha Fund

Inception: Jan 2012 / Fund style: Value  & Event Driven

Location: Grand Cayman, NA, KY

0.63%

MoneyBall MultiStrategy

Inception: January, 2015

Fund style:  fund of funds

Location: Moscow, Russia

9.49%

GRW FUNDS SPC

Inception: Jan 2014 / Fund style:  Derivatives Russian Market

Location: Grand Cayman, NA, KY

41.35%

TFT Partners Investment Fund

Inception: Jan 2014 / Fund style:  Global Market

Location: Grand Cayman, NA, KY

7.3%

 

 

 

 

 

 

 

 









From the 5 funds only three funds stayed in the market: TFT Partners Investment Fund, Kvadrat SPC and GRW FUNDS SPC.

In 2015 Kvadrat SPC became the best hedge fund of all the “Russian” funds:


Fund name

YTD, 2014

YTD, 2015

Kvadrat SPC

Inception: Aug 2013 / Fund style:  Option strategies & Arbitrage

Location: Grand Cayman, NA, KY

15.93%

24.85%


The hedge fund Copperstone Alpha Fund has stopped publishing data about the hedge fund agency since August, 2015. I suppose that it is due to the SEC’s investigation about insider trading of Russian and Ukrainian companies and traders. Copperstone Alpha Fund is on the list of suspects. I wrote about this scandal in the article The Black August. Our hedge fund EAM Stocks&Derivatives Strategies is involved in this negative story because our broker company Exante got into the list of suspects.

I don’t know why the only “Russian” fund of funds MoneyBall MultiStrategy has stopped giving data. The information on the website isn’t updated. I did not find data about performance in 2015.

A leader of performance in 2014 between “Russian” hedge funds, hedge fund GRW FUNDS SPC showed negative performance in 2015: 


Fund name

YTD, 2014

YTD, 2015

GRW FUNDS SPC

Inception: Jan 2014 / Fund style:  Derivatives Russian Market

Location: Grand Cayman, NA, KY

41.35%

-45.33%


TFT Partners Investment Fund gives only performance on its website without data about its strategies or team. The site has errors although the hedge fund has good performance.


Fund name

YTD, 2014

YTD, 2015

TFT Partners Investment Fund

Inception: Jan 2014 / Fund style:  Global Market

Location: Grand Cayman, NA, KY

7.3% 

8.6%  


The hedge fund EAM Stocks&Derivatives Strategies S.P.

The hedge fund EAM Stocks&Derivatives Strategies S.P. had a performance of -9.01% in 2015. The poor performance was received for lack medium-term rising trends which were a primary factor for yield of the Long strategy. The growth of volatility in the end of the year resulted in losses in the put spread selling strategy. We made researches to improve our Long strategy. Now we use the strategy for short-term movements of index and so we hope to get good performance.

We wrote in our article “Russian” hedge funds. The performance for the sixth months 2015, that we are not expecting a recovery of uptrend earlier than summer 2016. We predict by uptrend in 2016 to get good performance and to offset all losses of the hedge fund.


 Fund name

YTD, 2014

YTD, 2015

EAM Stocks&Derivatives Strategies S.P.

Inception: Feb 2013 Fund style: Option strategies & Fixed income and Stocks

Location: Grand Cayman, NA, KY

-0.77%

-9.01%


Rankings of HedgeCo

Let’s look at the rankings of HedgeCo to know what performance “not Russian” hedge funds displayed. The agency HedgeCo composes rankings for the yield, for the coefficient Sharp, for the NAV and others. Its database consists of about 7000 hedge funds and it is approximately 80% of the all hedge funds in the world. There are micro hedge funds with assets less 1 million dollars and hedge funds with billions in assets.

 TOP 10 Hedge Funds by YTD

 Ranking
 Fund name
 YTD, 2015

1

Absolute Value Fund, LLLP

Inception: November 2001  Fund style [1]: Quantitative & Long-Short

Location: Florida, US

332,01%

2

Da Vinci K2 Tachyon Fund

Inception: December 2008 Fund style: Global Macro

Location: Unterageri, Switzerland

213,10%

3

Forum Global Opportunities Fund

Inception: July 2005 Fund style: Global Macro/Long-Short

Location: Tortola, US

116,04%

4

PharmaInvest Fund Ltd. 

Inception: October 2006  Fund style:  Emergency Markets
Location: Bahamas

108,31%

5

Emerging Value Opportunities Fund Ltd.

Inception: December 1993  Fund style:  Emergency Markets
Location: Bahamas

98,93%

6

Honeybee Fund, LP

Inception: August 2014 Fund style: Quantitative & Aggressive growth Location: California, US

87,93%

7

Quantitative Global Fund (3X)  

Inception: June 2005 Fund style: Quantitative & Aggressive growth
Location Charlottesville, US

72,26%

8

Sentiment Table Strategy

Inception: December 2014 Fund style: Aggressive growth

Location: California, US

70,54%

9-10

AAM ABSOLUTE RETURN FUND PLC/ CLASS Ŕ&B (NOK)

Inception: December 2005  Fund style: Long-Short
Location: PO Box 1423 Vika, NA, NO

58,52%


TOP 10 Hedge Funds 3 Year Return

Ranking

Fund name

YTD

1

Renovatio Fund, LP

Inception: July 2013  Fund style: Global Macro

Location: Las-Vegas, US

322,04%

2

Da Vinci K2 Tachyon Fund

Inception: December 2008 Fund style: Global Macro

Location: Unterageri, Switzerland

286%

3

Krensavage Partners, LP

Inception: July 2008 Fund style: Health care / Long-Short

Location: New-York, US

165,15%

4

Tianyou Fund LP

Inception: October 2012  Fund style: Option strategy
Location: Virginia, US

157,67%

5

Auscap Long Short Australian Equities Fund

Inception: December 2012  Fund style:  Long-Short
Location: Sydney, Australia

154,31%

6

Morrocroft Special Opportunity Fund I  

Inception: March 2008 Fund style:  Fund of funds  Location: Charlotte, US

147,19%

7

Odysseus Fund LP

Inception: January 2010 Fund style: Quantitative & Aggressive growth
Location: Oregon, US

135,76%

8

Parametrica Global Fund Ltd

Inception: January 2009 Fund style: Market Neutral

Location: Hon-Kong

119,38%

9

Kinetics Small Cap Partners, LP

Inception: August 2007  Fund style:  Long-Short
Location: Elmsford, USA

119,02%

10

Dunn World Monetary and Agriculture

Inception: August 1998  Fund style: Futures
Location: Florida, US

110,02%

We are impressed by the results. We will do our best in the hedge fund EAM Stocks&Derivatives Strategies S.P.

Denis Eganov & Alexander Kurguzkin

info@eampartners.com

February, 2016




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