DKR Capital Partners of Stamford, Conn., has opened to outside investment a new fund that leverages an existing quantitative strategy. DKR Quantitative Strategies 2x has been operating internally since June 2007 with a small amount of firm capital.
The fund has a target return of approximately two times that of DKR Quantitative Strategies, which began trading in September 2000 and has averaged a net annualized return of 12.31%, with a Sharpe of 0.88, through February 29. Both funds invest in currencies, commodities and equity indices but not in single-name equities.
The two-times leverage fund will be run by Pascal Magnollay.