Laureate Trust year-end performance stands at 23 per cent net of profits.
January 19, 2014 (Newswire) - Laureate BVI Fund's year-end return for 2013 now stands at 23% net of profits. The fund is ranked in the upper 10% of the top performing global hedge funds, according to Bloomberg data.
Wall Street sat up and took notice when Laureate BVI launched a retail fund with a €2,500 minimum investment. CEO Peter Tasca says, "We've had huge demand for our retail fund. We've spoken to investors that have lost anywhere from €30,000 to €30,000,000 over the last few years and want a fund that can profit in any market environment." Laureate BVI Fund returned 42 per cent in 2008 amid the global financial crisis with their market neutral strategy and returned 33 per cent in 2009.
Laureate BVI investment strategies have outperformed 98% of the world's most successful funds over a 3-yr, 5-yr and 10-yr average according to independent data compiled from The Wall Street Journal, Financial Times and Barron's.
In 2010 Laureate issued a Buy recommendation on Apple (AAPL) when the stock was at $240.00 per share. Laureate has issued a Sell rating on Apple (AAPL) yesterday locking in a return of 130% for their clients.
Laureate BVI recently advised their clients to purchase Bitcoins only as a highly speculative investment due to the amount of risk involved. The target price for Bitcoins in the next 12 months is $2,500.00 per coin based on the number of online retailers beginning to accept the currency and the limited supply.
Tasca states, "For sophisticated investors that understand risks of virtual currencies Bitcoin is a great trading vehicle because it is extremely volatile. For common investors it is not recommended they invest in Bitcoins without properly hedging their positions."
According to Tasca of Laureate BVI which has returned 23% in net profits for 2013, "the value of Bitcoins could sky rocket if it became a real alternative to currency but they must be accepted by others in trade for something of value without the backing of global currencies or else Bitcoins will collapse."
Tasca warns, "Bitcoins were not created as a for profit investment vehicle, Bitcoins are meant to be spent. It was intended as a way to avoid the hefty currency conversion fees of banks and credit card processors."
About Laureate Trust
Laureate Trust provides expert portfolio management that achieves optimal results. The proven trading strategies are based on four principles: diversification, technical analysis, trend following and risk management, which combined have the potential to profit from any economic situation. This disciplined approach with our replicated trading strategies have a 10-year average of +31.6% per year. In 2012 this multiple platform strategy returned +18% net of all fees.
For more information on Laureate Trust, contact Private Client Group +1-310-492-5301