A recent stat sheet shows that Artemis' Vega flagship fund has returned more than 14% in March through Wednesday.Chris Cole's Artemis Capital, an Austin-based hedge-fund firm with three funds, has racked up gains while the markets tank.
Other hedge funds that have done well in the choppy markets include macro shops like Brevan Howard and Kirkoswald, short-sellers like Odey and Horseman, and new commodity fund Quantix Commodities.Artemis Capital's flagship Vega Fund fell more than 13% last year when the markets markets relentless higher, minus a dip in early September.
The $139 million Vega Fund has posted returns of 14.66% in March through Wednesday, according to a factsheet seen by Business Insider, after returning 6.1% in February, when the coronavirus selloff starting gripping markets. The firm's other strategies, all of which are volatility arbitrage, have also jumped in March so far — Hedgehog is up 11.94% and Hedgehog and the Fox is up 4.40%.
"Artemis Vega is a form of defensive alpha and is intended to perform best when the rest of your portfolio is at its worst," the fund's factsheet reads.
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