Sun, Oct 23, 2016
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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Macro hedge funds up 3.3% in one week on Fed and Brexit pays off[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were boosted by the strong performance of global macro funds, with the Lyxor Global Macro Index gaining 3.3% as of the week ending Oct. 11 (-1.7% YTD), Lyxor Asset Management reported. Their short on the p