Opalesque
Opalesque Exclusive
Investors seeking downside volatility management strategies anticipating eventual market drops – Sherpa Asset Management.
Vancouver-based Sherpa Asset Management views the June 2008 launch of the firm’s Sherpa Diversified Returns Fund as “fortunate timing in hindsight” even though they took the equity long/short fund out into the most volatile equity markets in recent history. By the end of the first year of operations the fund returned -5.96% compared to the fund’s benchmark the S&P 500, which was down -34.37%, and in the two years of recovery from the financial crisis the firm has posted +19.72% in 2009 and +12.15% in 2010.