Tag Archives: Hedge Funds

Market-neutral hedge fund Caravel Capital Fund Showcased At Secure Spectrum’s Hedge Fund Seminar

COPENHAGEN, 3-Jun-2022 — /EPR FINANCIAL NEWS/ — Jeff Banfield, a founding partner of Caravel Capital Investments Inc., was the featured speaker at Secure Spectrum’s Hedge Fund Seminar in Copenhagen, Denmark, on June 2, 2022. With over 35-years of experience in the alternative investment industry, Banfield delivered valuable insights and his recipe for navigating the current global financial markets.

Titled, The Alchemy of Risk, Opportunity, and Experience, Banfield explained how he earned positive returns for each of his 35-years in the investment business. His position as a Proprietary Trader at Dominion Securities in 1987 prepared him for six Bear Markets and unexpected macro factors.

Mr. Banfield was asked how he consistently achieves positive returns. He explained, “We approach every investment with the following criteria: strong understanding of fundamentals, applying the correct strategy in the economic cycle; coupled with the opportunity to generate the targeted return, and always managing the tail risk.” He also added, “We listen to the central banks and policymakers when they telegraph well in advance, and we take appropriate countermeasures to protect the portfolio. Glen and I find our best opportunities when fear and greed misprice the market.”

Soren Dal Thomsen, CIO, kicked off the program, presenting, “Why should one have hedge funds in their portfolio?” Then followed by Jeppe Blirup, Head of Hedge Funds, who gave the landscape of Secure Spectrum’s Fund of Hedge Funds. Jeppe explained, “We turned to Jeff to share his wealth of knowledge on the markets, strategies, and execution. Especially in this kind of market, we are all looking for insights that will help us to grow and preserve our capital. Caravel Capital shares our priorities: growth of capital, capital preservation, alignment of interests, and risk-aversion.”

The Caravel Capital Fund outperformed major indices in Q1 2022 with a 3.25% (net of fees) return, generated 30.78% returns in 2021, and have produced annualized returns of 18.96% since inception in 2016 while maintaining a Sharpe Ratio of 2. Gibbons and Banfield utilize several strategies, including but not limited to convertible arbitrage, relative value arbitrage, capital structure arbitrage, merger arbitrage, distressed debt, and alpha long/short.

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Caravel Capital Investments Inc. is an event-driven, market-neutral hedge fund based in Nassau, The Bahamas. Founded in 2016 by Glen Gibbons and Jeff Banfield, the firm prioritizes capital preservation with a commitment to liquidity and transparency. Named after the agile exploration ships used during the age of discovery, the firm maintains strict limits, small positions, and a manageable fund size to ensure quick responses to changing dynamics. The team uses innovative, leading-edge idea implementation while owning the Fund’s risk tails. The managers pursue systematic and non-systematic risk reduction through frequent review of risk/reward and high liquidity, thereby providing a genuinely market-neutral result, as evidenced by the returns.

Secure Spectrum is a fund of hedge funds that aims to generate an absolute return over the business cycle, seeking to generate an attractive risk-adjusted return regardless of the development of financial markets. Secure Hedge seeks to exhibit low correlation with the stock market and help diversify a traditional portfolio consisting of equities and bonds. The fund’s active portfolio management involves looking for exposure to attractive niche investment strategies that are typically difficult to access and independent of each other.

SOURCE: EuropaWire

Jeff Banfield of Caravel Capital Investments featured speaker at Secure Spectrum’s Hedge Fund Seminar in Copenhagen, Denmark

NASSAU, Bahamas, 18-May-2022 — /EPR FINANCIAL NEWS/ — Jeff Banfield, a founding partner of Caravel Capital Investments Inc., will be the featured speaker at Secure Spectrum’s Hedge Fund Seminar in Copenhagen, Denmark, on June 2, 2022. With over 30 years of experience in the alternative investment industry, Banfield will deliver valuable insights and his recipe for navigating the current global financial markets.

Jeff Banfield, Founding Partner Caravel Capital Investments Inc.

Titled, The Alchemy of Risk, Opportunity, and Experience, Banfield’s talk will address the perfect storm the markets find themselves in and what history has taught him to navigate. He will touch on the correlation between Caravel Capital’s strategies and the economic cycle and demonstrate how flexibility helps avoid pitfalls.

Secure Hedge’s investors and guests will gather near their headquarters in Copenhagen to attend this invitation-only event. Jeppe Blirup, head of Secure Spectrum’s Fund of Hedge Funds division, explains, “We are excited to host our distinguished investors at our annual Hedge Fund Seminar. We turned to Jeff to share his wealth of knowledge on the markets, strategies, and execution. Especially in this kind of market, we are all looking for insights that will help us to grow and preserve our capital. Caravel Capital shares our priorities, namely: growth of capital, capital preservation, alignment of interests, and risk-aversion.”

more

The Caravel Capital Fund outperformed major indices in Q1 2022 with a 3.25% (net of fees) return, generated 30.78% returns in 2021, and obtained annualized returns of 18.96% since inception in 2016 while maintaining a Sharpe Ratio of 2. Gibbons and Banfield utilize several strategies, including but not limited to convertible arbitrage, relative value arbitrage, capital structure arbitrage, merger arbitrage, distressed debt, and alpha long/short.

Caravel Capital Investments Inc. is a multi-strategy market-neutral hedge fund based in Nassau, The Bahamas. Founded in 2016 by Glen Gibbons and Jeff Banfield, the firm prioritizes capital preservation with a commitment to liquidity and transparency. Named after the agile exploration ships used during the age of discovery, the firm maintains strict limits, small positions, and a manageable fund size to ensure quick responses to changing dynamics. The team uses innovative, leading-edge idea implementation while owning the Fund’s risk tails. The managers pursue systematic and non-systematic risk reduction through frequent review of risk/reward and high liquidity, thereby providing a genuinely market-neutral result, as evidenced by the returns.

Secure Spectrum is a fund of hedge funds that aims to generate an absolute return over the business cycle, seeking to generate an attractive risk-adjusted return regardless of the development of financial markets. Secure Hedge seeks to exhibit low correlation with the stock market and help diversify a traditional portfolio consisting of equities and bonds. The fund’s active portfolio management involves looking for exposure to attractive niche investment strategies that are typically difficult to access and independent of each other.

SOURCE: EuropaWire

Daniel Nole Was Appointed Chief Operating Officer At Xasax

Xasax Corporation is challenging the boundaries and integration of network infrastructure and systems technologies through its leading edge Xasax Financial Backbone. Built on Dark Fiber routes and a la carte trading services, Xasax is exceeding customer expectations. In keeping with this mantra, Daniel Nole was appointed Chief Operating Officer. His mandate, to guide the process and spearhead operations in providing this ultra low latency solution to the markets.

“Xasax is pleased to have an experienced top tier player on our team. Dan’s level of expertise and industry knowledge is certainly in keeping with the Xasax gold standard of quality and service. He plays a significant role in our overall planning and execution. The entire Xasax team is excited to have him,” said Noah Lieske, Xasax Chief Executive Officer and Founder.

Mr. Nole remarked, “The Xasax Offering is unlike any other on the street today. Low latency has a new meaning and definition under the Xasax model; speed to market, scalability, customizability, and flexibility are the hallmarks of this next generation solution. I am pleased to be a part of this tradition of excellence and look forward to assisting Xasax in the expansion of its global reach.”

Mr. Noles’ prior appointments include COO at NYFIX Millennium, Portware, and FTEN. Mr. Nole leverages his grass roots beginnings in financial audit at Ernst & Young, as well as his trading and operations expertise on the Floor of the Boston Stock Exchange. Dan brings a unique blend and wealth of knowledge from leading financial technology companies to Xasax.

About Xasax:
Xasax Corporation provides an ultra-low latency financial network called the Xasax Financial Backbone built by lighting diverse dark fiber paths. The XFB encompasses the majority of available liquidity in the US with dark fiber interconnections. Xasax services include proximity hosting / co-location; raw and consolidated market data; order routing and execution management systems; Vendor of Record/entitlement solutions, and historical data warehousing. This infrastructure facilitates high-frequency traders, hedge funds, and financial service providers.

Via EPR Network
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