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The Naissance Beagle is a 'Best ideas' fund managed by Zurich based Naissance Capital. It is diversified across niche investment themes, which are "based on thorough, primary research with a emphasis on emerging markets. The fund benefits from "close relationships to excellent hedge fund and PE investors", however there are no double fees involved for investors.
According to an investor communication obtained by Opalesque, "Investors should bear in mind that the last few months have marked an important inflexion
point for markets, and our performance has been both fortunate and exceptional. Investors
would be mistaken to expect the recurrence of either anytime soon.
Much of our performance this month can be attributed to our assessment of two premises.
We took the view that the FOMC meeting on September 18th and investment banking
‘confessions’ revealed a week later would go a long way towards restoring investor
confidence and repairing tattered nerves. Second, our stock selection is heavily biased
towards companies in emerging markets that savagely corrected in value during the credit
crisis and were, in our view, poised to recoil rapidly once uncertainty subsided. Naissance
Jaipur, for example, our fund dedicated to India was up 25% during the month."
Commenting on his investment approach (YTD 33.1%, Compound ROR 30.7%,
Return since Inception (Sept. 99) 772%, Std. Deviation 11.1, Sharpe Ratio 2.20), fund manager James Breiding wrote "we are slow and methodical t...................... To view our full article Click here
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