Laureate BVI continues to rank in the top 1% of all funds according to Bloomberg and Barron's data.
Online PR News – 17-November-2010 – – British Virgin Islands - Laureate BVI Ltd., saw its returns year-to-date
outperform the Barron’s & Bloomberg hedge fund index by investing in asset
backed financial instruments.
Laureate BVI Fund Gains .85% in October up 21.97% for the year.
The fund continues to rank in the upper 1% of the top performing global
hedge funds, according to Bloomberg data.
The market is having everything thrown at it right now: Bad Cisco
earnings, spending cuts, a bad earnings release from Disney, dollar
strength, and really the selling was pretty unimpressive.
The strength of this market is kind of shocking. All the signs of growth
this economy has had have been superficial. We still have not seen job
growth. The key issue right now is the Euro zone. Peter Tasca CEO of
Laureate Trust says he's "amazed" at the complacency, and though there may
not be a big problem right now, in a few months there could be a full-blown
If Ireland can't get its fiscal house in order -- and it's deteriorating
-- then a host of German and French banks are going to get slammed.
Year-to-date the S&P 500 is up 9.42% while Laureate BVI is up 21.97%.
Tasca states, “With the equity markets trading at unsustained levels and
China overheating, the appropriate action for our investors will be to
maintain our long positions in financial instruments that pay a low double
digit interest rates and offer 2-to-1 coverage and continue
to deliver returns to our clients.”