Europe’s top long/short hedge fund says mental training part of “secret sauce”

Описание: Chapters:

00:00 - Intro

00:31 - Achieving “Local Alpha” by focusing on German and Swiss equity markets: RBR Capital is a leader in long term performance (5 years). Long book has outperformed MSCI Europe by 20% p.a. For 10 years.

03:49 - RBR’s Research Process. Special skills in stock selection and position sizing method.

09:45 - RBR European Long Short fund: Over 240% performance since 2003.

11:46 - The central question for hedge fund investing: What is your true edge?

15:01 - Mental training part of RBR’s “secret sauce” Found to work “exceptionally well”.

16:44 - How to get onto the map and how to survive financial crises: Up over 30% while equity markets were flat. Up 4% while the markets were down 20%.

19:10 - Surviving the 2008 financial crisis: ‘killing’ it with over +44% net performance in the lux fund in 2009.

21:44 - Lessons from the 2008 crisis: Building a new investor base and institutionalisation. Rebuilding the team: Only “on the way down” you see who has the staying power.

24:10 - Risk management. Intelligent tail risk protection against macro risks. A different view on stop losses.

29:27 - RBR Capital products: UCITS for European onshore investors. Cayman fund and Delaware LP for U.S. based investor. Seeded also a long-only fund. U.S. seen critical for further expansion.

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RBR Capital is one of Europe’s top long/short equity hedge funds and offers Cayman and UCITS hedge funds. The RBR European Long Short (LUX) net performance since 2003 stands at over 250%, the fund also takes the top spot in a Bloomberg ranking over the last five years with 16.2% annualized net return. RBR’s long book has outperformed MSCI Europe ex-UK by 20% p.a. while the short book outperformed by 4.2% p.a., adding strong market resilience in down markets. Despite the fund's long bias, beta has been range bound with just 0.5 historically versus MSCI Europe ex-UK.

This Opalesque.TV BACKSTAGE interview offers fascinating insights how today’s top hedge funds are run and how RBR went from a start-up to a top ranked hedge fund, mastering multiple market crises on the way.

CEO and CIO Rudolf Bohli points out that mental training, which is followed by him and his analysts, is working “exceptionally well” for the team and therefore forms part of their (now not any more…) “secret sauce”. The training, which the company applies since 2011, has significantly contributed to take the firm “to the next level”.

Bohli also talks about:

RBR’s research process and special skills in stock selection and position sizing
How RBR survived the 2008 and 2011 crises
Risk Management: A different view on stop losses and intelligent tail risk protection against macro risks.

Rudolf Bohli is Chief Executive Officer and Chief Investment Officer of RBR Capital. He has over 17 years experience in investment management and research in equities and interest rate derivatives. Prior to founding RBR Capital, Rudolf was the Head of Research for Bank Bellevue, a leading boutique broker. Rudolf started out trading short term interest rate securities and derivatives at UBS Warburg. He has a degree in Electrical Engineering from ETH Zurich. RBR Capital is regulated by FINMA.