Mon, Apr 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Audley Capital’s Natural Resources up 30% in first month of trading

Friday, January 14, 2011

Beverly Chandler, Opalesque London

Julian Treger, founding partner of Audley Capital in London revealed to Opalesque that his long/short equity hedge fund investing in the global natural resources sector which launched on 1st December is already experiencing the high levels of performance that investors with his firm have previously enjoyed.

With only 30% of the fund invested, Treger, and his colleague Lucio Genovese, are hunting for opportunities. Talking to Opalesque, Treger said: “Most of the portfolio is still in cash because we are gradually populating markets, looking for undervalued new opportunities.”

Audley’s previous fund, the European Opportunities Fund, was less hedged and enjoyed returns of 140% in 2009 and 100% in 2010. One investment of 23% in Canada’s Western Coal saw a net return of C$ 650m (US$655m) on a deal that saw Walter Energy’s bid for the company take Audley’s stake from C$ 80m (US$ 80m) to C$ 730m (US$ 736m) over five years. The European Opportunities Fund returned an annual compounded return of 27% to investors over five years.

“This vehicle is more hedged at all times” said Treger. He is managing the portfolio with Genovese, who has spent more than 23 years in the mining and metals sector and is based in Zug, in Switzerland. “We have a complementary flow of ideas and intelligence which I think will serve this fund well” said Treger. The fund employs more hedging because of the naturally high levels of volatility in the mini......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Universities looking to defend endowments from Republican tax plan[more]

    From PIOnline.com: Some of the richest U.S. colleges are pushing back against scrutiny by Congress over the tax-exempt status of university endowments. Lobbying disclosure forms show almost two dozen schools such as Princeton University, University of Notre Dame and Cornell University are including

  2. Activist News - GAM touts 'tangible results' of turnaround as activist fight hots up, Bill Ackman not done with Herbalife, says his fight could get legs in May, Activist hedge fund CIAM says Euro Disney's buyout offer not fair for minority investors[more]

    GAM touts 'tangible results' of turnaround as activist fight hots up From FNLondon.com: GAM, the Swiss asset manager at the center of an attempted boardroom putsch by activist hedge fund RBR Capital, said its first-quarter results amounted to "tangible" proof that its management's plan f

  3. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  4. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic

  5. Opalesque Exclusive: Gold Sail diversifies into PE and real estate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The five Purdue University students who set up a hedge fund last year have become four and have diversified int