Fund of the Month October 2015: Tungsten TRYCON Basic Invest HAIG

Fund Strategy
Tungsten TRYCON Basic Invest HAIG is a systematic short-term CTA offering daily liquidity in a UCITS format. The fund’s objective is to provide absolute returns with a moderate risk-return profile and markedly low correlation to other investments including CTAs. The fund seeks to achieve its objective predominantly through the implementation of its proprietary QuantMatrix which has been introduced in September 2013. The strategy trades some 40 global equity, fixed income and currency markets, using regulated, liquid and exchange traded financial instruments. Both long and short positions can be held seeking to profit from identified trading opportunities. The strategy and its strict risk management are based on a clearly defined set of rules, adjusting the portfolio dynamically to changing market conditions.


Fund Chart


Fund Facts
Inception date: February 2010
AuM: EUR 58 million
Sharpe ratio*: 1.32Tungsten Capital Website
Volatility*: 6.07%
1 month performance: 1.04%
3 month performance: 1.97%
12 month performance: 5.70%
YTD performance: 2.80%
Ann. perf.*: 8.00%
(All data as of October 15th 2015)

*Note: At inception in February 2010, the fund was based on a purely trend following strategy. Since September 2013, the portfolio is dominated by a short-term quantitative CTA approach. The numbers are based on the 25+ month period since September 2013 and hence represent the performance of the strategy as it is now traded in the fund.


Portfolio Manager
Michael GüntherMichael Günther (pictured left) and Pablo Hess are the fund’s two portfolio managers. Michael has over 15 years of experience in creating and managing CTA strategies. Besides the management of the fund, he is involved in programming the proprietary portfolio and risk management software for QuantMatrix. Michael is also a managing partner at TRYCON G.C.M. AG where he has been responsible for the trading strategy of two funds launched in 2007 and 2010 respectively.

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