Sat, Oct 10, 2015
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. 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. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  4. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  5. 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