Quant-based firm's highly liquid TOPS-style fund has
rebounded from last year's losses to make a 9% gain in the
first half of 2009
One year on from its launch, GSA Capital's TOPS-style Alpha
Capture fund is starting to gain traction - both in terms of
the market-neutral fund's performance and in the quality of
brokers submitting global equity recommendations to the
quant-based firm's proprietary optimisation process.
The fund is up by around 9% this year, and is roughly flat
since inception after launching in July ahead of the brutal
equity market conditions in the second half of the year. The
strategy, which was previously traded within GSA's flagship
International fund for several months before being rolled out
as a standalone entity last July, was narrowly positive over
the full 12 months of 2008. However, the fund was down by about
10% from launch to the end of December.