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Initial Funds
Brief Descriptions
Existing Funds Available
Energy Sector LS: Fundamental, AUM US$ 1.2 billion. Net annualized return, Sharpe ratio (Sharpe), and max drawdown (MDD) of 28.8%, 1.1, and 19.8% since its 2020 inception to August 2024, compared to 12.7%, 0.4, and 24.8% respectively of S&P 500 total return index (SPX) during the period. 0.01 correlation with SPX.
Asia Equity LS: Fundamental, AUM US$ 2.2 billion. Net annualized return, Sharpe, and MDD of 13.3%, 0.78, and 11.5% since its 2012 inception to August 2024 vs 3.5%, -0.11, and 35.0% of the MSCI Asia Index (MSCIAP), and 9.0%, 0.28, and 26.4% of the MSCI World (MSCIWD), respectively. 0.42 correlation with MSCIWD.
Middle East North Africa Equity LS: Fundamental, AUM US $1.0 billion. Net annualized return, Sharpe, and MDD of 15.6%, 0.97, and 18.1% since its 2014 inception to August 2024, compared to 2.6%, -0.16, and 35.0% of MSCIAP, and 7.7%, 0.18, and 26.4% of MSCIWD, respectively. 0.33 correlation with MSCIWD.
Biotech Sector LS: Fundamental, AUM US $400 million. Net annualized return, Sharpe, and MDD of 25.5%, 0.68, and 46.7% since its 2018 inception to August 2024, compared to 11.1%, 0.32, and 24.8% of SPX respectively. 0.75 correlation with SPX.
Existing Funds That Can Be Made Available (CBMA Funds)
North America Equity LS: Multi-strategy, AUM US$ 250 million. Net annualized return, Sharpe ratio, and max drawdown of 18.2%, 1.35, and 8.9% since its 2018 inception to August 2024, compared to 12.1%, 0.31 and 24.8% respectively of SPX. 0.22 correlation with SPX.
VIX Arbitrage: Quantitative, AUM US$ 110 million. Net annualized return, Sharpe ratio, and max drawdown of 30.6%, 1.76, and 6.9% since its 2020 inception to August 2024, compared to 14.2%, 0.55 and 24.8% respectively of SPX. 0.49 correlation with SPX.
Global Equity LS: Fundamental, AUM US$ 2.0 billion. Net annualized return, Sharpe ratio, and max drawdown of 19.5%, 0.75, and 37.4% since its 2014 inception, compared to 7.7%, 0.18, and 26.4% respectively of MSCIWD. 0.60 correlation with MSCIWD.
Macro Hybrid: Macro & Special Situation, AUM US $ 350 million. Net annualized return, Sharpe ratio, and max drawdown of 48.9%, 1.10, and 41.2% since its 2019 inception, compared to 15.4%, 0.59, and 24.8% respectively of SPX. 0.53 correlation with SPX.
Fund of Hedge Funds That Can Be Made Available (CBMA FoFs)
6040 Fund of Hedge Funds: A portfolio of 20-40 diverse global hedge funds of equity-like returns, targeting a net annualized return of 60% above and a max drawdown of 40% below that of the MSCIWD. Fund selection and portfolio construction & management follow the outlines in the Resources/fund of Hedge Funds.
Note
All Sharpe ratio calculations use a risk-free rate of 5%
Initial funds include volatile high gainers. They are for small allocations in diversified portfolios, not concentrated individual holdings
investors need to measure hedge fund performance over a sufficient period. Even the best fund managers will underperform at times
In general and by design hedge funds tend to outperform in bear while underperforming in bull markets
- Please visit Marketplace for an overview, and check our free Resources first if you are new to hedge funds