Fri, Jul 3, 2015
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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

 

banner