Thu, Jul 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Audley Capital’s first external hedge fund achieves 14% in six months

Friday, April 27, 2012

Beverly Chandler, Opalesque London: Audley Capital seeded its first external hedge fund last September with the launch of the Audley Japan Opportunities Fund, managed by Christopher Rigg. Since launch in September 2011, the fund has achieved a return of 14%, achieving 8% in March 2012 alone.

The fund is a large cap Japanese long/short strategy fund and Audley reports that it is differentiated from its peers in its use of derivatives to amplify performance and reduce downside risk.

Audley says: "The fund overlays its high conviction macro ideas or themes in an efficient derivatives structure to complement its long/short portfolio. The current overlay pertains to an asymmetric trade focused on Japanese government bonds. During the month of March, this trade started to yield profits, contributing to approx 50% of the Fund’s performance since inception". The fund’s long/short book which is managed in parallel and incorporates derivatives where appropriate is driven by fundamental analysis and stock picking. Cumulative equity alpha generation since inception stands at 2.7%.

The team managing the fund has over 65 years experience collectively in investing in Japan. Christopher Rigg, the Portfolio Manager, has over 25 years worth of experience in the Japanese markets with a track record as a hedge fund manager, CIO, strategist, and proprietary trader. Rigg’s former inve......................

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 - Hedge fund CQS favors structured credit, Direct lending funds' fading all-weather appeal, Funds hunt for cracks in most-prized US shopping malls[more]

    Hedge fund CQS favors structured credit From BArrons.com: A hedge fund manager that can invest across the investment landscape says in his latest semi annual report this week that he's finding opportunities in structured credit -- particularly the shorter term, floating rate kind. Exampl

  2. Launches - Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle, Jersey players institutionalize first regulated crypto-currency hedge fund[more]

    Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle From Coindesk.com: The operators of a regulated, Jersey-based bitcoin hedge fund have officially closed a new $5 million fund aimed at investing in cryptocurrency tokens and initial coin offerings (ICOs). Backed by fun

  3. SWFs - China Wealth fund backs TPG lender as part of U.S. property push[more]

    From Bloomberg.com: China Investment Corp., the sovereign wealth fund that controls $814 billion in assets, is betting on U.S. real estate by investing in a commercial real estate lender formed by the money management firm TPG. In conjunction with last week's initial public offering of TPG RE Financ

  4. Months to minutes: Enigma launch aims to boost crypto hedge fund creation[more]

    From Coindesk.com: What if starting a hedge fund was as easy as downloading an API? A startup incubated at MIT Media Lab is today revealing a product designed with this ease-of-use in mind. Called Catalyst, the first product offering by blockchain startup Enigma aims to trigger nothing short of an e

  5. Seward & Kissel launches new compliance service[more]

    Bailey McCann, Opalesque New York: The law firm that formed the first hedge fund - Seward & Kissel - has launched a new compliance service for asset managers. Seward & Kissel Regulatory Compliance, or SKRC, offers full-scale regulatory compliance consulting solutions provided by the firm's attor