Wednesday, June 12th, 2013

A unique Global Macro Hedge Fund designed to deliver attractive returns, excellent liquidity, and low correlation with the major asset classes.

Sydney, Australia – The Zen Capital Management Global Fund SP rose 0.72% (gross) for the month of May, outperforming the HFRI Fund Weighted Composite Index which rose 0.54%. Over the last 3 months the fund has delivered a solid 4.92%, significantly outperforming the HFRI Fund Weighted Composite Index which has risen 2.10% over the same period.

Managing Director Gregory Carroll said “In keeping with our goal of delivering attractive returns with a focus on risk, our 3-month performance has been achieved with a daily volatility which is 36% lower than the volatility of the S&P500 over the same period”.

Zen’s performance for the month is extremely impressive compared the performance of some of the biggest names in the industry. The $14B Man AHL fund lost almost 9% for the month; Aspect Capital lost 6.35% on its $6B whilst heavyweight Winton recorded a 2% loss on its $25B in assets.

Mr Carroll said “Several major markets recorded extreme moves over the month. These include a 7.3% single-day fall in the Nikkei 225; a 7.9% fall in US Long Bond Prices; and an 8% fall in the AUDUSD. These moves created challenges for all managers, so we are extremely pleased to have outperformed again”.

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