Varus racks up a striking two-year record with its distinctive long/short equity style
Fri Oct 21, 2011
Swiss-based managers Stefan Heieck and Frank Siebrecht are dramatically outperforming most of their peers in European long/short equity, having just completed two strong years with a strategy that is focused primarily on Germany and adopts an ‘old school’ approach to running a hedge fund
The Varus Fund, a long/short European equity strategy managed
out of Zürich by Heieck Siebrecht Capital Advisors (HSCA),
has just completed its two-year track record and is showing
strong numbers since launching in September 2009 –
despite maintaining low volatility and a focus on capital
|Frank Siebrecht, Benjamin Schmitt and
The fund, which places an emphasis on investments in
German-speaking Europe, returned just shy of 20% in 2010 and is
up 18.3% this year to the end of September – an
impressive 2011 gain when compared with a median year-to-date
loss nearing 4% for euro-denominated funds in the EuroHedge
European equity index and against a European equity market that
is down by around 11% this year.
While most equity hedge funds lost money in August and
September – and many took severe hits – Varus
ended both months in profit, with a gain of 0.95% in August
ISSN: 2151-1845 / CDC10004H
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