Canadian multi-strategy shop SureFire Capital reported that it returned 22.1% in April, and preliminary figures show a gain of over 10% in May, outperforming traditional equity indexes.
The firm’s quantitative hedge fund strategy, SureFire Multi-Strat LP is focused on the Nasdaq-100 Index and incorporates trend, momentum and volatility factors.
“After a difficult first quarter framed by geopolitical challenges, we are proud to deliver strong performance for our investors and look forward to upcoming announcements of innovative new product developments,” said Ariel Shlien, the CEO of the $100 million Montreal-based firm.
Founded in 2013, SureFire allocates to underlying managers through a SMA structure. A family office, the firm sources managers through its global Investment Club relationships and independent research. It’s absolute return focus employs multiple sectors within quantitative and artificial intelligence investing, long/short equity, arbitrage and bond trading.
Last autumn, SureFire Capital also announced stellar returns as well for its multi-strategy quant portfolio, in addition to a new Buffered Note that was structured as a loan providing fixed quarterly interest disbursements.