News - 19.05.09
Product ranking from Absolut Research: The HI Varengold CTA Hedge has achieved the highest 2-year return with the lowest risk – The fund of managed futures funds even stands at the front on the international ranking
With a 2 year performance of 24.97%, the HI Varengold CTA Hedge is now the best fund of hedge funds, even internationally, according to the hedge fund ranking from Absolut Research at the end of 2008. A total of 29 international funds of hedge funds were analyzed and evaluated by performance, sharp ratio and volatility. In the period under review, Varengold’s fund not only achieved the best performance,but the fund also clearly had the lowest interim risk: the CTA Hedge’s largest drawdown over two years was -4.21%. The fund that came in second place in the “largest drawdown” category followed with a loss of - 10.39%. Also in the past year, Varengold’s managed futures fund (asset class A) had the lowest drawdown of -4.21%, with an annual performance of +15.82%.
“Generally, higher returns are linked with increased risks. Our 14 years experience in the market, focus on managed futures, encompassing due diligence process as well as our risk management let us offer our investors a product with the return potential of well performing stocks, and the risk level of bonds,” commented Steffen Fix, founder and managing director of the Varengold Investment Bank, about the results of the product ratings. “We are very pleased to have done so well in a leading industry product listing. It all confirms our extensive expertise and our more than 14 years of experience,” continued Fix.
