Wed, May 27, 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. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  2. Investing - Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds, Hedge funds buy Actavis, Valeant. ETFs join the party, The most loved biotechs of big hedge funds, Stocks to buy ... according to hedge funds, Atlantic City bond offering attracts hedge funds as buyers, Okumus Fund Management discloses huge new Ascent Capital Group stake[more]

    Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds From Boingboing.com: When a giant hedge fund is bidding on all the foreclosed houses in a poor neighborhood, living humans don't stand a chance -- but that's OK, because rapacious investors make great landl

  3. Institutions - Institutional investors turn to real estate, planes, Assets at Boston’s five biggest family nonprofits rise to $3.5bn[more]

    Institutional investors turn to real estate, planes From Joins.com: The National Pension Service and domestic emerging market specialists who did not know where to invest in a low interest rate environment are turning to other investments like the blue-chip real estate market abroad.

  4. Opalesque Exclusive: A lot of hedge fund investors are beginning to recognise the need for ongoing cyber threats monitoring[more]

    Benedicte Gravrand, Opalesque Geneva: Corporate Resolutions Inc. recently formed a strategic partnership with iThreat Cyber Group. The two companies have worked together for years, assisting clients when challenging

  5. Opalesque Exclusive: BMO launches multi-strat '40 act fund[more]

    Bailey McCann, Opalesque New York: As we reach new market highs, investors are looking for a way to diversify and protect their portfolios from a potential market correction. Liquid alternatives are rapidly gaining ground as a critical tool for investors to use to mitigate downside risk. The BMO

 

banner