This The Capula fund gained 11% in 2011, lost 14% in 2012, and fell in three of the next four years, per the Journal. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. Indeed, after hitting peak performance in September 2011, these funds have fallenby about55%, according to data fromCBOEEurekahedgereported by the Journal. Theypurchase put optionsto provide downside protection, as well asgold and other safe-haven assets that usually rally when otherfinancial assetscollapse in value, the Journal says in its September 5 story. The problem is that any form of insurance costs money, and that, on average, those selling insurance will profit from those buying it. Terms and Conditions. 95 0 obj <>stream Capula Tail Risk Fund Ltd Industry: Pooled Investment Fund CIK Number: 0001588338 IRS Number: 980651233 Address: UGLAND HOUSE GRAND CAYMAN trailer Principal Place of Business and Contact Information 3. Please use the latest version of Chrome, Opera, Firefox, Safari or Edge. support@edgefolio.com, Privacy Policy Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. ********** ** **** ********* ****** ** *********, Eurekahedge Asia Pacific Asset Weighted Index - USD, Eurekahedge Multi-Factor Risk Premia Index, *** ***** ******* ****** ***** ******** **** ** ***, *** ***** ******* ****** ***** ******** **** ***. Founded by Yan Huo in 2005 following a career principally at JP Morgan, Capula specialises in global fixed income assets. The Journal went on to mention several black swan funds that either are floundering, or that have been shut down. 949gSodu7C^\Z)q!,}Km [e?U;iEv.2wa_NL^VqhwxBnSa'Md7|_&xqLD>:VUEyy>i_;y }`v{9!e(M t-xW\wpy49kN~fh\\r.vv!N;N8vY`|h$NCP(CLIvn6{8erVDeIp5T4a4o[% On average, their value has fallen by 6.3% for the year-to-date through July, and they lost money in four of the previous five years, per data fromeVestmentcited by the Journal. A black swan is an event that is rare, very important, and is both difficult to have predicted but is considered obvious in hindsight. It targets positive returns in times of liquidity and systemic crises while minimising downside and cost of carry during normal market conditions. 86 0 obj <> endobj xref Typically investors, including some tail risk hedge funds, have bought inexpensively priced, long-dated put options, giving them the right to sell a security in the future. Such positions are well out of the money and substantially discount the current market price. SEC form, multiple filers or classes of filers, and much more.***. LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION, -- CAPULA INVESTMENT MANAGEMENT ASIA LIMITED. WebCapula Tail Risk Fund Ltd Jurisdiction of Incorporation/Organization CAYMAN ISLANDS Year of Incorporation/Organization X Over Five Years Ago Within Last Five Years (Specify Year) Yet to Be Formed 2. WebAt the Finance Committee meeting in April, staff and Aksia will recommend that PSERS invest $250 million in the Capula Tail Risk Fund Limited (TRF), Class C shares. The first 80% of this book is devoted to how trees develop, military strategy and economic thought. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. WebCAPULA TAIL RISK MASTER FUND LIMITED PO Box 309, George Town, Grand Cayman KY1-1104 Cayman Islands, British West Indies Form of Adherence Letter 28 April 2010 This website is designed for display in modern browsers. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. WebCapula Tail Risk Fund Ltd: Street Address 1 Street Address 2; UGLAND HOUSE: City State/Province/Country ZIP/PostalCode Phone Number of Issuer; GRAND CAYMAN: ]H&uX{__G9"5/^o_$3^/a/}?^/.~t@_wK~IvDw],o6_>wM{d}.KKlMz{tu#]~i}UO}"?_\i}v60a}jTYf S Related Persons Relationship: Executive Officer X Director Promoter 0000001997 00000 n WebCAPULA TAIL RISK MASTER FUND LIMITED address: PO Box 309, Ugland House, South Church Street, George Town, KY1-1104, KY Entity Overview Registration Authority Entity Legal Form Legal Form Code OSBR LEI Registration Entity Relationship Reporting Exceptions Office Location Entities in the same location Entities in the same postal code Capula Tail Risk Master Fund Limited is a hedge fund operated by Capula Investment Management Llp and has approximately $14 billion You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Role in Investing and Why It's Famous, Black Swan in the Stock Market: What Is It, With Examples and History, October Effect: Definition, Examples, Statistical Evidence, Understanding Tail Risk and the Odds of Portfolio Losses, Black Monday: Definition in Stocks, What Caused It, and Losses. to see more advanced email alert options such as selecting any type of rb?VT*e-_[BB>*Hg]}~/^_~Wd_niK,r{}mm/][m[_[[_}Mw5aam/V %kk\_ptan0ik0i&4!""""=!xdXVT0 a1B!K""""1A?UaG[d37U5vm!&80' j Neither Man Group nor Capula would comment to the Journal. For each tail risk strategy, we estimate the fixed allocation, that when combined with an equity portfolio, reduces tail ($1.0 MM Sold), Barclays Bank PLC, Morgan Stanley & Co International PLC, BNP Paribas London Branch, HSBC Bank PLC, JP Morgan Securities LLC, The Bank of New York Mellon International Limited, State Street Custodial Services Ireland Limited, Barclays Capital Inc, UBS AG London Branch, The Bank of New York Mellon London Branch, Societe Generale International Limited, Merrill Lynch International, Barclays Capital Securities Limited, State Street Bank and Trust Company, BOFA Securities Inc, Merrill Lynch Pierce Fenner & Smith Incorporated, Affiliated Managers Group PTY Ltd, Mitsubishi Corporation Asset Management Ltd, Barclays Bank PLC, Morgan Stanley & Co International PLC, BNP Paribas London Branch, JP Morgan Securities LLC, Barclays Capital Inc, UBS AG London Branch, Societe Generale International Limited, Barclays Capital Securites Limited, Merrill Lynch International, BOFA Securities Inc, Merrill Lynch Pierce Fenner & Smith Incorporated. The Man Group, a London-based alternative investment management business, has seen its AHL Tail Protect Fund lose 45% of its value since it 2009 launch, according to Man Group data reported by the Journal. QV*R-]"GRKB0PI*zZi!UUJ&Pi$i$IUMT$*UI%i$uT}$?L$K&K^v5SIjP01$0.TA $~aB/|%paI/'FIRo?J pIi%tuI*W[uIw W* iI%^.%J]$oJK^c[I/C0(U| `*^;.6I$xD1Tm`1 % ]RL-$tFz *Iv/ Ry!$TT&$KIU:OD/P_*}'[N~nA:WV.=^wn}]%Kd2~{aV5mZp mVk <3,*)0d9( gd))1G;Z|Tp/v:w433&"6fjyK,MB!tAAI!98C@\"' aMl M=8Ha* a0ON-qa58TO[}92 ]5DoQ,{".le:PMic'r-;\AJAH7#/8A7Nz\ zIio;kNl_=SW]/u_po4unPi`_z83 Percentages may not sum to 100% due to rounding; approximate breakdown subject to change. WebThe Capula Tail Risk Fund invests in a range of instruments primarily in G7 markets. 0000005345 00000 n 0000001032 00000 n 0000000496 00000 n The Capula fund is designed to hedge tail risk across asset classes in developed markets, including equities, credit, FX and rates. Sign up today for free to access accurate and timely data on Capula Tail Risk Fund Ltd - Class C EUR and 150,000 other funds. WebCapula Tail Risk Fund was launched on March 1 2010.? m U?Zkb8kTxh-yN3[\}vEC!Q1 [iZ)zZ+6B`gO'%wl5EeaxKg$Y0@wYfq["e3omI*mN&!`:C`G}VTmkY!%QhSd "\ ~o& a~%'RG)}";I"x*a &.@Y )$xEs\[R]G9i}Whj:lzOz&}4we 6. ***Log In or For the long term, taking out insurance against market volatility is a losing strategy, the Journal says, pointing to "a raft of academic papers and market analysis." Barclays Bank PLC, Morgan Stanley & Co International PLC, BNP Paribas London Branch, HSBC Bank PLC, United Kingdom. **** *** ****** ********* **** ****** ************** Capula Tail Risk Master Fund Limited is one of the larger private funds with 14 billion in assets. But for the moment, thesebearish, tail-risk bets on the markets have turned sour as central banks continue to flood them with liquidity and as the global economy grew. Many experts say a recession and bear market aren't far off, two developments that might benefit black swan investors. Please declare your traffic by updating your user agent to include company specific information. QPqX4jLE|`_ ga\%4$,w\(S!oZ.MxOS1F'6Z(7kQj%h8g'7^/ZOOcv{N.Mf{39j~f8kL~0p7@TGPcv%gowOwwC 3H0cCb9P$1E4&.YRum:A_P])YM;:V@D)vBTls$`E('V? dE:'YwtR~5NsWBavv7c~9ul+?WeIyXxEO65Mn)W{[n^61iNcYBWmAo1H" Cxfaj A$R+de^)e>Bw>1Y;V0GHam T +J}"^?/Ft= WebThe fund is actively traded in the proprietary trading style and can be categorised as defensive macro. All rights reserved. WebCapula Tail Risk Fund - Class C USD Due Diligence Services Unlock and view hidden details by registering for a free trial here! We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Sign-up GRAND CAYMAN, E9 The firm last filed a Form D notice of exempt offering of securities on 2022-10-14. support@edgefolio.com, Privacy Policy The finance committee of the The fund is actively traded in the proprietary trading style and can be categorised as defensive macro. WebCapula Tail Risk Master Fund Limited. WebCapula Investment Management LLP is a global fixed income specialist firm headquartered in London. Also known astail riskfunds,black swanfunds seek to reap enormous profits from a sharp, severe downward move in the markets. WebCAPULA TAIL RISK MASTER FUND LIMITED (LEI# 29C7VLB4JHJG5S6I8Q07) is a legal entity registered with Business Entity Data B.V.. or to simply have an email sent to you whenever we receive a new 1001 and 1030). ******* ****** **** *** ****** ******* *** ***** ************* ************* ****** Fund Manager: Capula Investment Management Llp (Crd# 163364), Private Funds Managed by Capula Investment Management Llp (3): Capula Global Relative Value Master Fund Limited , Capula Japan Equity Tail Risk Master Fund Limited , Capula Tail Risk Master Fund Limited, Administrator(s): International Fund Services (Ireland) Limited, Rank: 55 out of 30967 registered private funds, Rank: 3415 out of 30967 registered private funds, Rank: 16252 out of 30967 registered private funds. H5bUr&p'_=a$L_m&\lSLTBwia{4/&L~1l-jv0D0B!X`]D? Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Thank you for your interest in the U.S. Securities and Exchange Commission. startxref |"B\PJ (N *********** ********* *** **** ****** ********* **** ************* ****** ******* ***** **** **** ****** ************** However,Unigestion continues to utilize various hedging strategies such asput optionsand currency trades. Capula Investment Management Llp (Crd# 163364), Capula Global Relative Value Master Fund Limited, Capula Japan Equity Tail Risk Master Fund Limited, Blue Sky Digital Outdoor Advertising Fund Fund Data, Sarasin Ie Global Equity Opportunities (Usd) Fund Data, Themelios Ventures Ii-A, L.P. Fund Data. The Chugoku Bank, Ltd. Buying the dips is a phrase that refers to purchasing an asset following a decline in price. 13F filing from CAPULA TAIL RISK FUND LTD, enter your * ****** ********* **** ************* ****** ******* ***** **** **** ***. The $2bn Capula tail risk fund, the worlds largest so-called black swan trader, had lost 14 per cent by November. It targets superior returns in times of liquidity and systemic crises while minimising Wall Street is in lower Manhattan and is home to the New York Stock Exchange (NYSE). Form D is a form used to file a notice of an exempt offering of securities with the Securities and Exchange Commission. The fund invests in a range of instruments primarily in G7 markets. capula global relative value master fund limited: hedge fund: no: $243,381,980,000: 4: ss&c fund services (cayman) ltd. ernst & young ltd. 2: capula tactical macro master fund limited: capula tail risk fund ltd - class c usd - hfm: hedge fund: abcdefg: $00,000,000: 0.0% dec 2018: 2: Wall Street is also an umbrella term describing the financial markets. All text and design is copyright 2020 WhaleWisdom.com. WebCapula Tail Risk Master Fund Limited (TR Master Fund), a portion of the assets (the EFI Account) of Capula Enhanced Fixed Income Master Fund Limited (the EFI Master The employer identification number (EIN) for Capula Tail Risk Fund Ltd is 980651233. fFpa 4DG%(+rr0 ! This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. s kv}{qsdUT%S5=2{G.+lO%6LoN@W;gk1;[kY%Lp|BfzB1o The Dai-ichi Life Insurance Company, Limited: Daishi Hokuetsu Bank, Ltd: Development Bank of WebThe Capula Tail Risk Fund invests in a range of instruments primarily in G7 markets. The October effect is a theory that stocks tend to decline during the month of October. It targets superior returns in times of liquidity and systemic crises while minimising downside and cost of carry during normal market conditions. These finally tie into the investing thesis in the last 20% of the book. This supposed market anomaly, however, has little in the way of data to support it. EIN for Help Centre WebCapula Investment Management LLP is a global fixed income specialist firm managing absolute return, enhanced fixed income, macro, and crisis alpha strategies with a focus Meanwhile, theCBOEVolatility Index (VIX), commonly usedas an indicator of uncertainty and fear among investors,fell to its lowest intraday level ever in July and remains near historic lows. Note: We do not offer technical support for developing or debugging scripted downloading processes. The Capula fund is designed to hedge tail risk across asset classes in developed markets, including equities, credit, FX and rates. 7 Clarges Street According to the firm, the fund invests in a range of instruments primarily in G7 markets. WebCAPULA TAIL RISK MASTER FUND LIMITED PO Box 309, George Town, Grand Cayman KY1-1104 Cayman Islands, British West Indies 29 April 2010 Send to: Terms and Conditions. 0000000016 00000 n That's a big change from seismic events such as the 2001 dot-com bubble and the 2008 financial crisis, during which the S&P 500 Index (SPX) and the Dow Jones Industrial Average (DJIA) plungedandblackswan funds reaped rich profits. The $3.7 billion Tail Risk Fund from Capula Investment Management, another London-based hedge fund giant with over $10 billion in total assets under management, is down 6.7% this year, per an investor letter obtained by the Journal. While Black swan funds'performance has lagged during an eight-year bull market of dramatic stock gains, equities areshowing signs of age. ($3.3 BB Sold). Capula Tail Risk Master Fund Limited is a hedge fund operated by Capula Investment Management Llp and has approximately $14 billion in assets. Copyright 2023 Affiliated Managers Group, Inc. All rights reserved. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Put $10,000 in the S&P 500 ETF and Wait 20 Years. What Are the Biggest Hedge Funds in the World? ;OH0e_,YS4Q=zomKws\[07x0 s0C AeH For example, the $2.4 billion Capula Tail Risk fund was off 9.4 percent on August 24. WebCapula Enhanced Fixed Income Master Fund Limited: Capula Global Relative Value Master Fund Limited: Capula Tail Risk Master Fund Limited: Capula Volatility Opportunities Master Fund Limited: The Chiba Bank, Ltd. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. If you are a financial advisor or mutual fund investor and have questions about your account or a mutual fund product, please visit AMGFunds.com. Help Centre The $3.7 billion Tail Risk Fund from Capula Investment Management, another London-based hedge fund giant with over $10 billion in total assets under Capulas investment strategies include enhanced fixed income, absolute return and tail risk strategies. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. London, W1J 8AE Da1Nxa~ 40LAaDDDDPY4,Yc%# |o;OL/H}zXh=O6_6Fi ,[aETk'OkoxB!8"*h:i~\d `&B#lhf(D)?'8o%n/F(!?aZ?DZ%DvmNnK93dPgPg(32pAmAKDxw0dM\E72e%8'.#>d^| AMM:^nJH6 47oUi^6\UMu}H92-wt.|7;~nzn_!SSuzI77 MK!aOZZO[|[7^-%^z **** *** **** **** ***** ************* ********* **** ******* ****** ****** ******* ********* **** ****** ************** WebCapula Tail Risk Fund Ltd is a corporation in Grand Cayman, E9.
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