Caravel Capital fund featured at Secure Spectrum Hedge Fund Seminar

Jeff Banfield presents at the Secure Spectrum Hedge Fund Seminar

We approach each investment with the following criteria: good understanding of the fundamentals, application of the right strategy in the economic cycle; coupled with the ability to generate the targeted return and still manage tail risk.

Jeff Banfield, founding partner of Caravel Capital Investments Inc., was the guest speaker at Secure Spectrum’s Hedge Fund Seminar in Copenhagen, Denmark on June 2, 2022. With over 35 years of experience in the investment industry alternative investing, Banfield provided valuable insights and his recipe for navigating today’s global financial markets.

Titled, The Alchemy of Risk, Opportunity and Experience, Banfield explained how he has achieved positive returns for each of his 35 years in the investment industry. His position as a proprietary trader at Dominion Securities in 1987 prepared him for six bear markets and unexpected macroeconomic factors.

Mr. Banfield was asked how he consistently achieves positive returns. He explained: “We approach each investment with the following criteria: a solid understanding of the fundamentals, applying the right strategy in the economic cycle; coupled with the ability to generate the targeted return and still manage tail risk. He also added, “We listen to central banks and policymakers when they telegraph well in advance, and we take appropriate countermeasures to protect the portfolio. Glen and I find our best opportunities when fear and greed misprice the market.

Soren Dal Thomsen, CIO, kicked off the program by presenting, “Why should you have hedge funds in your portfolio? Then followed by Jeppe Blirup, Head of Hedge Funds, who gave the landscape of Secure Spectrum’s fund of hedge funds. Jeppe explained, “We turned to Jeff to share his wealth of knowledge on markets, strategies and execution. Especially in this type of market, we are all looking for ideas that will help us grow and preserve our capital. Caravel Capital shares our priorities: capital growth, capital preservation, alignment of interests and risk aversion.

The Caravel Capital Fund outperformed major indices in Q1 2022 with a return of 3.25% (net of fees), generated returns of 30.78% in 2021 and has produced annualized returns of 18.96% since its inception in 2016 while maintaining a Sharpe ratio of 2 Gibbons and Banfield use multiple strategies including, but not limited to, convertible arbitrage, relative value arbitrage, capital structure arbitrage, merger arbitrage, distressed debt, and long/short alpha.

Caravel Capital Investments Inc. is an event-driven, market-neutral hedge fund based in Nassau, Bahamas. Founded in 2016 by Glen Gibbons and Jeff Banfield, the company gives priority to the preservation of capital with a commitment to liquidity and transparency. Named after the nimble exploration vessels used in the Age of Discovery, the company maintains strict limits, small positions and a manageable fund size to ensure rapid responses to changing dynamics. The team uses the implementation of innovative and cutting-edge ideas while holding the risk tails of the Fund. Managers seek systematic and non-systematic risk reduction through frequent risk/reward review and high liquidity, providing a truly market-neutral outcome as evidenced by returns.

Secure Spectrum is a fund of hedge funds that aims to generate absolute return over the economic cycle, seeking to generate an attractive risk-adjusted return regardless of how financial markets move. Secure Hedge seeks to have a low correlation with the stock market and diversify a traditional portfolio of stocks and bonds. The active management of the fund’s portfolio consists of seeking exposure to attractive niche investment strategies that are generally difficult to access and independent of each other.

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