Wed, Oct 7, 2015
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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with

  4. A hedge fund strategy that seems to have fizzled[more]

    From The hedge fund strategy that has attracted the most money this year is on course to cause some of the biggest losses for investors, in the latest example of the dangers of going with the crowd. Institutions and individuals have piled an estimated $20 billion (Dh73 billion) into ma

  5. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i