Convexity Capital suffers “Disappointing” First Quarter

May 19th, 2011
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Convexity Capital, a long/short credit fund founded in 2006, reported to clients that it missed performance benchmarks by 1.5 percentage points for the first quarter of 2011. The fund’s investment strategy, which performs best in volatile markets, suffered from a lack of volatility. The down quarter is the first negative quarter in two years for the fund. Jack Meyer, the fund’s founder, wrote to investors that he witnessed, “lots of smoke, not much fire” during the down quarter. Convexity Capital has outperformed a portfolio of comparable indexes annually by more than 7 percentage points since the fund’s doors opened in 2006. Prior to founded Convexity Capital, Jack Meyer oversaw the management of Harvard University’s endowment for 15 years.
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Convexity Capital Management
Related People: Jack Meyer
Related Entities: Convexity Capital
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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