Walleye Opportunities Fund Up 9.5 Percent YTD as It Backs Emerging Manager’s New Hedge Fund

Will England’s Walleye Opportunities Fund returned 1% for August, bringing its year-to-date return to 9.5%. The HFRI FWI has gained 7.2% year to date, while the S&P 500 is up 10.8%.

The multi-strategy fund’s Fundamental Equities strategy is up 2.8% year to date, while its Volatility strategy has gained 1.1%. Quant strategies are up 5.6%, and the Tactical strategy is flat for the year.

Since its inception, the Walleye Opportunities Fund has generated an annualized return of 13.5%, versus 6.5% for the HFRI FWI and 14% for the S&P 500, according to an investor stat sheet reviewed by Hedge Fund Alpha.

Also see: Walleye Opportunities Fund Continues to Post Gains in August As it Turns Away Cash

Walleye maintains a beta to the S&P 500 of just 0.07 essentially zero correlation with equity markets. This characteristic proved particularly valuable during 2022's market downturn, when the fund posted a positive 8.1% return while the S&P 500 declined significantly.