6 of the Most Shocking Stock Increases and Falls. Sign up today for free to access accurate and timely data on Capula Tail Risk Fund Ltd - Class S USD and 150,000 other funds. Copyright 2023 Affiliated Managers Group, Inc. All rights reserved. While Black swan funds'performance has lagged during an eight-year bull market of dramatic stock gains, equities areshowing signs of age. It targets superior returns in times of liquidity and systemic crises while minimising s kv}{qsdUT%S5=2{G.+lO%6LoN@W;gk1;[kY%Lp|BfzB1o %PDF-1.6 % The employer identification number (EIN) for Capula Tail Risk Fund Ltd is 980651233. 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. Your browser is not currently supported. H5bUr&p'_=a$L_m&\lSLTBwia{4/&L~1l-jv0D0B!X`]D? -- CAPULA INVESTMENT MANAGEMENT SINGAPORE PTE. Also known astail riskfunds,black swanfunds seek to reap enormous profits from a sharp, severe downward move in the markets. Also, concerns about the nuclear threat from North Korea, Hurricane Harvey and other storms helped push down stocks sharply this week. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. What Are the Biggest Hedge Funds in the World? 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. Tail risk is portfolio risk that arises when the possibility that an investment will move more than three standard deviations from the mean is greater than what is shown by a normal distribution. According to the firm, the fund invests in a range of instruments primarily in G7 markets. Reference ID: 0.96ecc017.1682921749.21bb5eb4. xref WebMark Spitznagel is a former partner to Nassim Taleb and runs Universa, one of the largest tail risk hedge funds in the world. ($3.3 BB Sold). The first 80% of this book is devoted to how trees develop, military strategy and economic thought. support@edgefolio.com, Privacy Policy {"search": "/search", "clicked": "/clicked", "portfolio_add": "/portfolio-add", "portfolio_remove": "/portfolio-remove", "portfolio_create": "/portfolio-create", "portfolio_activate": "/portfolio-activate", "portfolio_delete": "/portfolio-delete", "portfolio_rename": "/portfolio-rename", "portfolio_color": "/portfolio-color", "home_filter": "/home-filter", "htmlspeed": "/htmlspeed", "add_tag_firm": "/add-tag-firm", "add_tag_click": "/add-tag-click", "copy_aum": "/copy-aum", "stripe_checkout": "/stripe-checkout", "update_card": "/update-card"}, {"uid": 51985855, "pid": -1, "pid_a": [], "name": "", "email": "", "blacklist_f": false, "paywall_f": false, "paywall_n": 0, "random_n": 0}, Capula Investment Management Asia Limited, Capula Investment Management Singapore PTE Ltd, 2010-10-01 Capula Tail Risk Fund - Class C USD Fund ;OH0e_,YS4Q=zomKws\[07x0 Recommendationsor opinions expressed in these materials reflect Aksias judgment as of the date Form D contains basic information about the offering and the company. The Capula fund is designed to hedge tail risk across asset classes in developed markets, including equities, credit, FX and rates. ** ******** ****** ** ************ * ****** ********* **** ************* ****** ******* ***** **** **** *** 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. *********** ********* *** **** ****** ********* **** ************* ****** ******* ***** **** **** ****** ************** Today, its founder, MarkSpitznagel, tells the Journal, "I don't see anyone out there doing what I do." Qv[TvwEAd[!w 3[e n(}I,9Ux UK(H]'K;`,q#yw68#"b-ODQB@.&g-sy2/33b78x0%/%$|]u 4e#fs"@.y,/.nd-=Z,d}J*xy~YB.C[hJJANZ!h!HQ/qVkl g1waa0T Hk@b"#"! By using this site, you are agreeing to security monitoring and auditing. 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. 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. WebCapula Tail Risk Fund was launched on March 1 2010.? He notes that going through long periods of losses during calm or rising markets tests the patience of fund managers and investors alike, but that patience should be rewarded when the nextBlack Mondayhappens. or to simply have an email sent to you whenever we receive a new 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. Black swan funds, designed to hedge against major market declines, have suffered huge losses as the stock market has soared since the financial crisis,the Wall Street Journal reports. The filing was for a pooled investment fund: hedge fund The notice included securities offered of Equity,Pooled Investment Fund Interests. Hedge Fund 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. He is Chairman of WL Ross Holding Corp, a $500 million equity Special Purpose Acquisition Corp. listed on NASDAQ and has been nominated as Vice Chairman of Bank of Cyprus. LTD. ********** ** **** ********* ****** ** *********, Eurekahedge Asia Pacific Asset Weighted Index - USD, Eurekahedge Multi-Factor Risk Premia Index, *** ***** ******* ****** ***** ******** **** ** ***, *** ***** ******* ****** ***** ******** **** ***. WebThe Capula Tail Risk Fund invests in a range of instruments primarily in G7 markets. ,-4K{l?69z&|@f(Y?oLZZ1C-H^(_xOQMZG8OZ 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. Capula Tail Risk Master Fund Limited is a hedge fund operated by Capula Investment Management Llp and has approximately $14 billion in assets. The Chugoku Bank, Ltd. UniversaInvestments LP is a black swan fund that posted returns of over 100% during thefinancial crisisin 2008, the Journal says. HWn9}7Cf /N/ $b-QM ;{mIA,5xS7gK>we#Iv-e.t67tU,HghN]L.5":|_m z\75hQL/N$J,4AUQA^3d,mK;@'Jus9EVjQK- 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. Performance prior to January 2011 is available upon request. Capulas investment strategies include enhanced fixed income, absolute return and tail risk strategies. startxref Many experts say a recession and bear market aren't far off, two developments that might benefit black swan investors. WebCapula Investment Management is one of the largest hedge funds domiciled in the UK. It targets superior returns in times of liquidity and systemic crises while minimising LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION, -- CAPULA INVESTMENT MANAGEMENT ASIA LIMITED. 0000005345 00000 n The filing was for a pooled Founded by Yan Huo in 2005 following a career principally at JP Morgan, Capula specialises in global fixed income assets. {"search": "/search", "clicked": "/clicked", "portfolio_add": "/portfolio-add", "portfolio_remove": "/portfolio-remove", "portfolio_create": "/portfolio-create", "portfolio_activate": "/portfolio-activate", "portfolio_delete": "/portfolio-delete", "portfolio_rename": "/portfolio-rename", "portfolio_color": "/portfolio-color", "home_filter": "/home-filter", "htmlspeed": "/htmlspeed", "add_tag_firm": "/add-tag-firm", "add_tag_click": "/add-tag-click", "copy_aum": "/copy-aum", "stripe_checkout": "/stripe-checkout", "update_card": "/update-card"}, {"uid": 51985851, "pid": -1, "pid_a": [], "name": "", "email": "", "blacklist_f": false, "paywall_f": false, "paywall_n": 0, "random_n": 0}, Capula Investment Management Asia Limited, Capula Investment Management Singapore PTE Ltd, 2021-04-01 ******* ****** **** *** ****** ******* *** ********** ****** ******* ************* ************* ************* ****** Capula Tail Risk Master Fund Limited is one of the larger private funds with 14 billion in assets. <<2659937EDDC1E8449B8060048D4AB6D8>]>> Capula Tail Risk Fund LTD is based out of Grand Cayman. The current 1001 and 1030). tcu7@;mdpR64zinn1]A/ }kkf"xFT)&g^n(8 jlvg Capula Investment Management LLP It is a London-based hedge fund with offices in Tokyo, Hong Kong, New York and Greenwich, Connecticut, USA. Capula was founded by Yan Huo and Masao Asai in 2005. The company manages fixed income trading, enhanced fixed income products, volatility, macro trading and tail risk strategies. 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 Principal Place of Business and Contact Information 3. 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." 0000000814 00000 n This website uses cookies to improve your experience. What Is Wall Street? Sign-up 0000001997 00000 n The Fund is actively traded in the proprietary trading style and can be categorised as defensive macro. 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. Put $10,000 in the S&P 500 ETF and Wait 20 Years. WebCapula Japan Equity Tail Risk Master Fund Limited is a hedge fund operated by Capula Investment Management Llp and has approximately $157.3 million in assets. 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: 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. GRAND CAYMAN, E9 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. 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. SEC form, multiple filers or classes of filers, and much more.***. 86 10 0000000496 00000 n Please use the latest version of Chrome, Opera, Firefox, Safari or Edge. A black swan is an event that is rare, very important, and is both difficult to have predicted but is considered obvious in hindsight. Form D is a form used to file a notice of an exempt offering of securities with the Securities and Exchange Commission. Help Centre WebCapula Tail Risk Fund LTD is based out of Grand Cayman. Fund incepted March 2010. Thank you for your interest in the U.S. Securities and Exchange Commission. 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: WebThe Capula Tail Risk Fund invests in a range of instruments primarily in G7 markets. All rights reserved. HH,*QutQ0Psrq*T0r@ This fund aims to deliver strong return in times of crisis while paying close attention to the cost of carry in times of market calm.? Terms and Conditions. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. WebCapula Tail Risk Master Fund Limited: EMR Capital Advisors PTY Ltd: EMR Capital Co-Investment VI LP: 42.0: EMR Capital Co-Investment V LP: 18.8: EMR Capital Resources Fund III LP: 118.4: EMR Capital Co-Investment III LP: 44.7: Aslan House Capital LLP: Aslan House Master Fund Limited: 294.3: Paris-based insurance group AXA SA (AXAHY) shut down its own black swan fund several years ago, per the Journal, as has Swiss-based UnigestionSA. He is a board member of ArcelorMittal, EXCO Resources, Sun Bancorp and other corporations. 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. WebCapula Tail Risk Fund Ltd is a corporation in Grand Cayman, E9. 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. 86 0 obj <> endobj |"B\PJ (N to see more advanced email alert options such as selecting any type of Capula Tail Risk Fund Ltd - Most recent fund raising on October 14, 2022 raised $37,200,000 in Equity Calculation Guide Related Persons Relationship: Executive Officer X Director Promoter United Kingdom. The problem is that any form of insurance costs money, and that, on average, those selling insurance will profit from those buying it. Wall Street is also an umbrella term describing the financial markets. The Journal went on to mention several black swan funds that either are floundering, or that have been shut down. u?:HfB>w&qD0H '7kAV:8@4K8yK( dk}.Hv\DpH:M#I\*+'_8>>f+}S].M90oG{ WmIom/yy.jzKaaMjM_6*+Q WebThe Capula Tail Risk Fund invests in a range of instruments primarily in G7 markets. However,Unigestion continues to utilize various hedging strategies such asput optionsand currency trades. Terms and Conditions. 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 Q 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. 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 Moreover, key equity market indicators such as the S&P 500 have set one record after record after beginning an upward climbin early 2009, while a bull run in bonds continues unabated. For example, the $2.4 billion Capula Tail Risk fund was off 9.4 percent on August 24. QPqX4jLE|`_ ga\%4$,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= endstream endobj 87 0 obj <>/Outlines 9 0 R/Metadata 84 0 R/Pages 83 0 R/StructTreeRoot 16 0 R/Type/Catalog>> endobj 88 0 obj <>/ProcSet[/PDF/Text]/ExtGState<>>>/Type/Page>> endobj 89 0 obj <> endobj 90 0 obj <> endobj 91 0 obj <>stream For each tail risk strategy, we estimate the fixed allocation, that when combined with an equity portfolio, reduces tail `4wf/ rJce%4As>+vg 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. Note: We do not offer technical support for developing or debugging scripted downloading processes. The Capula fund gained 11% in 2011, lost 14% in 2012, and fell in three of the next four years, per the Journal. Black Monday, Oct. 19, 1987, was a day when the Dow Jones Industrial Average fell by 22% and marked the start of a global stock market decline. WebThe fund is actively traded in the proprietary trading style and can be categorised as defensive macro. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. oibHcF!/a|Z= The firm last filed a Form D notice of exempt offering of securities on 2022-10-14. * ****** ********* **** ************* ****** ******* ***** **** **** ***. The $3.7 billion Tail Risk Fund from Capula Investment Management, another London-based hedge fund giant with over $10 billion in total assets under management, is down 6.7% this year, per an investor letter obtained by the Journal. The Capula fund gained 11% in 2011, lost 14% in 2012, and fell in three of the next four years, per the Journal. endstream endobj 4 0 obj <>]/Height 3300/Type/XObject/Decode[0 1]>>stream Meanwhile, theCBOEVolatility Index (VIX), commonly usedas an indicator of uncertainty and fear among investors,fell to its lowest intraday level ever in July and remains near historic lows. The Edgefolio Platform Sign up today for free to access accurate and DpAvH6-Z7&>L~q[_Lgul)oqzUn #7"_/z_k]}nIZ_Y]R4nJ-Kh5}WTa0!B"#^QvT`bM\vk7^m|$ Director. Barclays Bank PLC, Morgan Stanley & Co International PLC, BNP Paribas London Branch, HSBC Bank PLC, 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. 0000005117 00000 n WebWe define portfolio tail risk as the conditional mean portfolio return in months where equity returns exceed a loss of five percent. The offers that appear in this table are from partnerships from which Investopedia receives compensation. WebCapula Tail Risk Fund Ltd; Firm: Fund # CIK # 0001588338: Sale: 2010-10-01 ($3.3 BB Sold) Fund: Phone: 3459498055: Address: Ugland House Grand Cayman, Cayman QV*R-]"GRKB0PI*zZi!UUJ&Pi$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 EIN for The $3.7 billion Tail Risk Fund from Capula Investment Management, another London-based hedge fund giant with over $10 billion in total assets under management, is down 6.7% this year, per an investor letter obtained by the Journal. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. 4a""!":\CDDhDDDD}(]/K]*uU\G*Z~w!5a^B%%~sk~?.9s Y0A \.?A4=?N:_Y"NDDZVpP@?KAG| 7SBKT}),_cM|&'t"~@?pLWNDw#=kp_ }/nok[_6kZkom}i&VKn]0 b(!b8+qL!;}Sm4A/&p0j!"%^"":`` `DDDDDF""Tc(1)6 `A+c4h.PGQ20ff(" d",q5_O__DHcE%N|M'4MpU=x^`zo ~zm{_`48?P'l>NB1q 77K_my={Sv7R|$kiX`bdLExAa2. Calculation Guide We reserve the right to block IP addresses that submit excessive requests. This website is designed for display in modern browsers. Neither Man Group nor Capula would comment to the Journal. Management owns just 1 percent of the fund. ($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 Tail Risk Fund is based on the macro 0000001032 00000 n 0000004895 00000 n If youre the manager of Capula Tail Risk Fund Ltd - Class S USD, you can sign up to take control of your profile and respond to investor interest. ]H&uX{__G9"5/^o_$3^/a/}?^/.~t@_wK~IvDw],o6_>wM{d}.KKlMz{tu#]~i}UO}"?_\i}v60a}jTYf S 0000000016 00000 n We'll assume you're ok with this, but you can opt-out if you wish. Buying the dips is a phrase that refers to purchasing an asset following a decline in price. 0000001544 00000 n WebCapula Investment Management LLP is a global fixed income specialist firm managing absolute return, enhanced fixed income, macro, and crisis alpha strategies with a focus s0C AeH Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. 7F^Bw,`C"~sHKq;M?_~,h0~cR-Nd2s!RC}=nG5i~r:v0I}u[c}u{8U}_KryVl% .(4 Z=+ixam5Mt4 0xg@i`DDDJDF""# yX`DB2]8P%BQ'av^Mn[?,huuo_h}qP`2s 0z oP^\'h.+]l}T ~PzozyO$t_tZ=?uj@uZ/_E_Vw]m{W_WO+J^~v_JV=[S@GWuMi;MSRV`DDDERo_Uib`X&,XNYF[d@lLNDFMxOO^A(%s ?WN}#lee$0DO>?