The fund aims to deliver absolute returns on a long term basis independent from the current developments of capital markets. To realize this goal the fund invests the main part of its capital into a base portfolio of money market instruments with a high credit rating in connection with several volatility- and option strategies. The focus of the investment approach is the multi strategy within the option- and volatility markets. VEGAMINDs sub strategies have deliberately very different risk profiles and performance attributions, such as carry- and arbitrage strategies. The combination and the degree of the used strategies varying constantly due to the different market developments to gain an optimized risk-return profile.
Lutz Klaus is joining Tungsten as Partner and Executive Director coming from Mayfair Asset Management, the well renowned family office of the Herz family (“Tchibo”). He started his career in the Asset Management department of cologne-based private bank Sal. Oppenheim subsequently leaving for the multi-billion Euro Degussa Pension Fund where he became CIO. During his tenure the fund successfully avoided most pitfalls of the recent financial crisis leading to several Awards from “Portfolio Institutionell.” His investment style is a combination of modern portfolio construction theory paired with derivative overlay strategies.
Lutz Klaus holds a degree as “Diplom Ökonom” from the University of Giessen and is a CFA Charterholder.