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Alternative Market Briefing

Gondor Partners’ Vincent Au believes his equity strategy can compete with mega hedge funds

Friday, October 04, 2013

Komfie Manalo, Opalesque Asia for New Managers:

Vincent Au, Portfolio Manager at Gondor Capital Management, which manages the Gondor Partners funds, is confident that his strategy of buying undervalued companies will outperform its much larger counterparts.

New York-based Gondor Management was established in January 2012.

The Gondor Partners Fund has onshore (LP) and offshore (Ltd.) versions.The strategy is equity long/short with an options overlay and a focus on U.S. companies across all market capitalizations. The hedge funds are urrently featured in Opalesque Solutions' Emerging Managers (EManagers) Database.

The offshore fund, launched in July this year, was up 2.33% in August and 5.88% YTD and is domiciled in Cayman Islands. The onshore fund, launched in May, was up 0.58% in August and 11.37% YTD. It is domiciled in Delaware.

"We are very pleased with our performance," Au said in an interview with Opalesque and added that the Gondor funds finished September up nearly 3% (est.). "I absolutely believe that funds like mine can compete with the mega hedge funds through performance," he continued

Au uses options as a hedge to limit the downside risk as well as building a position in an underlying security.

He chose this strategy because it is the one the he feels most c......................

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