The BTG Pactual Rates Fund returned -0.15% in 2022 as its managers opted to navigate the market “lightly risked” in an attempt to preserve capital in an uncertain environment.
According to the fund’s December update, a copy of which Hedge Fund Alpha has been able to review, the fund ended the year on a high, earning 0.11% in December after recording losses in the first half of the year.
The fund’s strategy is designed to capitalize on arbitrage opportunities across liquid US
rates curves, including the Treasury and Agency markets with the goal of achieving long-term capital appreciation.
Since its inception in April 2016, it has returned 6.7% per annum with a standard deviation of 2.12%, a Sharpe ratio of 2.5 and a...
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