Tuesday, November 11th, 2014

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 has outperformed the HFRI index by 5.73% over the last two months despite recording a 1.17% loss in October.

Managing Director Gregory Carroll said “October was a difficult month. Global financial market volatility surged as the US Federal Reserve withdrew its Quantitative Easing program. At the same time the Bank of Japan surprised with an increase in its own stimulus program.”

Zen’s return over the last two months has been delivered with a slightly lower volatility than that of the S&P500. Its Sharpe Ratio over the same period is an impressive 2.42 suggesting the fund is delivering attractive returns whilst successfully controlling risk.

When commenting on the outlook for Zen, Carroll said “September was the beginning of normalization in markets. Participants now believe the US will tighten interest rates from mid next year. The Federal Reserve life support system, in place since the GFC, is progressively being turned off. At the same time, unexpectedly, Japan’s stimulus looks to be increased. These changes are going to continue to create volatility and, in turn, opportunity for Zen”.

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Zen Capital Management

Zen Capital Management was formed in 2012 with the sole purpose of providing Investment Advisory services to the Zen Capital Management Global Fund SP. The company employs a proprietary investment process which is driven by a rigorous quantitative model, macro-economics, and over decade of experience in financial markets. Zen’s strategy is highly scalable since it only trades highly liquid securities consisting predominantly of US-listed stocks. The fund is Cayman-domiciled and is currently available to wholesale investors who are non-US taxpayers. The fund is administered by Apex Fund Services and all trading is through Interactive Brokers LLC. The fund commenced trading on 1 October 2012.


Systematic, Long/Short Equity, Hedge Fund.


Gregory Carroll
P: +612 8005 2308
M: +61414419396
W: www.zencm.com


Global Macro, Hedge Fund



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