Mon, Dec 22, 2014
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 - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und