Mon, Mar 2, 2015
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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie