When Mark Carhart meets with the world's largest pension
funds and endowments he brings along an appealing proposition: His new hedge fund
makes money during a crisis or so Reuters writes.
To be exact, Kepos Capital's computer driven trading models
have earned returns of more than 5 percent this year as Europe's worsening debt
crisis washed away gains elsewhere, leaving investors increasingly uneasy over
where to put their money.
"The last year has been great for our approach,"
said Carhart, who used to co-manage Goldman Sachs Group Inc's once vaunted $10
billion Global Alpha fund and who has been concentrating on macro investing,
including currencies, at his own firm since late 2010.
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