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About Beach Horizon
Beach Horizon is a systematic, trend following managed futures programme that trades a global portfolio of global commodity, financial and foreign exchange markets.
The programme is directional in nature and seeks to take advantage of upward and downward trending markets. The portfolio of markets traded is highly diversified with over 90 markets in 10 different sectors. The portfolio has a relatively higher exposure to commodities which is larger than most managed futures strategies. This is important to investors seeking to increase their exposure to commodities due to the low correlation this sector has to the financial sectors. This is a result of the strategy design goal to be highly diversified and avoid over concentration of risk to any one sector. This has served the strategy well in times of uncertainty.
Beach Horizon employs a rigorous, systematic trading model that is implemented using a fully automated state-of-the-art computer system. Risk management controls are applied hundreds of times a day by the system to constantly adjust to the targeted level risk.
Beach’s Horizon Program is grounded in the strengths of its four principals: David Beach, a tremendously successful discretionary trader and three quantitative trading experts from AHL; Sanjeev Lakhanpal and Dr Paul Netherwood and Alan Goulding. David ran a managed futures programme with a successful track record spanning 17 years. Beach Capital Management (BCM) founded by David in 1994 reached $1.4billion AUM at its peak in April 2005. David retired from managing the Discretionary programme in Mar 2006.
Latest Performance Figures
The latest monthly performance figures for the Horizon programme are available in the Performance section for
June 2010.
See also daily returns for July as at 29th July.
Latest News
The Hedge Fund Journal
28-Apr-2010 - Dr Paul Netherwood participated in an article about CTA's published in the April issue of The Hedge Fund Journal entitled "CTAs Focus On R&D Awaiting Trend Breakout". The article covered outlook for CTA's and the focus on research. A full trasnscript of the article can be viewed here.
HFMWeek award nomination
5-Mar-2010 - Beach Horizon has been nominated for an award in the Managed Futures section of the The HFMWeek European Performance Awards 2010. See shortlist for more details.
Beach Horizon launches US Fund, opens US Office and hires ex-Man Director Rich Ewan
1-Dec-2009 - Press Release - We have launched a US Onshore feeder fund to Beach Horizon's flagship fund, seeded with $10m. We have now also opened a US Office in Chicago called Beach Horizon Inc. We are also very please to announce that Richard Ewan joins us as President of Beach Horizon Inc. Rich joins us from Man Investments where he was Director of Business Development in Toronto. He has over 30 years experience in the business and 16 years at Man including being involved with AHL in the since the early years of the AHL program. The full press release is available here and was reported in Hedgeweek, Opalesque, FinAlternatives, The Hedgefund Journal and many other news wires.
Hedge Funds Worlds Hong Kong 2009
6-Oct-2009 - Dr Paul Netherwood was presenting on a panel discussion entitled "Leveraging the benefits of electronic trading and trading technologies to lower trading cost and gain best execution". Dr Netherwood was able to talk about the benefits Beach Horizon has in adopting electronic trading technology in order to achieve best execution for its clients.
Technical Analysis Magazine
17-July-09 - Dr Paul Netherwood gave an interview for the Jun-Sep issue of the Technical Analysis Magazine. The full article can be downloaded here.
The Naked Short Club
22-Jun-2009 - Dr Paul Netherwood was a guest on the hedge fund radio talk show The Naked Short Club. Hosted by Dr. Stu, the show featured the Hedge Fund Journal Editor Bill McIntosh; Stephen Pope, Chief Market Strategist of Cantor Fitzgerald; Rob Picard, Senior Advisor to Navigant Capital Advisors and Founder of Boxtree Capital; Dr. Paul Netherwood, Partner and Head of Research at CTA manager, Beach Horizon; Kate Roberts of ICBI, organisers of the GAIM conference in Monaco; and headhuntress and writer, Sarah Dudney.
The Naked Short Club is on most Mondays, 21.00-22.00 hrs, London time (the show is also replayed from 15.00-16.00 hrs, each Thursday) on ResonanceFM: 104.4FM or online on resonance.com
GAIM 2009 Monaco
16-Jun-2009 - Dr Paul Netherwood was presenting at this years GAIM conference in Monaco. He was presenting the Beach Horizon strategy in the CTA stream.
Battle of the Quants
12-Jun-2009 - Dr Paul Netherwood participated in the Battle of the Quants, a forum for systematic strategies held at The Mayfair Hotel in London.
HFMWeek award nomination
14-Apr-2009 - Beach Horizon has been nominated for an award in the Managed Futures section of the The HFMWeek European Performance Awards 2009. See shortlist for more details.
Hedge Fund Review award nomination
8-Apr-2009 - Beach Horizon has been nominated in the Best Managed Futures Hedge Fund category of the Hedge Funds Review's 2009 European Performance Awards. See shortlist for more details.
Hedgeweek
26-Jan-2009 - Dr Paul Netherwood was interviewed for Hedgeweek. See www.hedgeweek.com for full article (registration to www.hedgeworld.com required) or here for pdf.
The Hedge Fund Journal
22-Jan-2009 - Dr Paul Netherwood participated in an article about CTA's published in the Dec/Jan issue of The Hedge Fund Journal entitled "Why Are CTAs This Year’s Golden Boys?". The article covered some of the important benefits of CTA's including transparency and liquidity and looked at what lies ahead for CTAs. A full trasnscript of the article can be viewed here.
HFR Industry Summit: Outlook 2009
22-Oct-2008 - Sanjeev Lakhanpal presented at the HFR Industry Summit. This private HFR event featured leading industry managers and investors and focused on themes most relevant to allocators and the outlook for 2009. For video of the event go to Video Clips and select Macro Strategies Session.
Beach Horizon October 2008
3-Nov-2008 - Beach Horizon's October performance has been reported in Opalesque - Beach Horizon gains 18% in Oct, +44% (est.) YTD, `managed futures are a hedge against an uncertain world`. Commenting on the performance, Beach Horizon Partner Dr Paul Netherwood said: "It is nice to see the old adage of managed futures proving to be uncorrelated to equities and a hedge against an uncertain world coming true. Our philosophy of avoiding over concentration of risk has served us well during these times of uncertainty. We hope that investors will now realize the value of making Managed Futures a core investment."
Beach Horizon Growth
5-Jun-2008 - Beach Horizon has recently passed some important milestones. The programme now has a 3 year track record and assets over $100m and growth is continuing. Sanjeev Lakhanpals comments on this were reported in Hedge World News (Full Story - registration to hedgeworld.com required).
Commenting on the three years of trading, Beach Horizon partner David Beach said: "I am very pleased with the Program. We spent a great amount of time before launching the product making sure that the infrastructure was sound and having a good research platform to work on. This has paid dividends for us down the line and the whole system runs very smoothly. Obviously I am also very pleased with the performance of the Program as well".
Hedge World News
2-Apr-2008 - Beach Horizon's good first quarter reported in HedgeWorld.com (Full Story - registration to hedgeworld.com required). Extract from story:
LONDON (HedgeWorld.com) – Although Beach Horizon LLP gave back some profits in March, the London-based CTA ended the volatile first quarter with strong performance, up 29.3%. In March, Beach Horizon, which has $77 million under management, was down 2.3%, following a 20.7% return in February and 9.7% in January. "We're very pleased with the performance," said partner Sanjeev Lakhanpal, during a telephone interview. "We feel it was quite stable given our positioning and the way we had performed on the back of the trends that were retracing in March."
FIN Alternatives News
13-Mar-2008 - Beach Horizon's good start to the year has been reported in FIN Alternatives "Commodities Fund Gains 20% in February". Full Story.
Regulatory Disclosure - Pillar 3