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From Komfie Manalo, Opalesque Asia:
Another major global hedge fund reported a remarkable performance in 2009; Vega Globalclaiming 62.34% gains, making last year their best year since the firm’s inception in 1996. Vega uses technical, quantitative and fundamental interfaces to bring desirable improvements in timing, asset allocation and risk management.
Edgard Beisler, director of Vega Asset Management Holdings. Ltd, which has offices in London, Spain and Cayman, said in a letter to investors this month that Vega looked forward to 2010 with confidence given the current macroeconomic environment.
Beisler said that the Vega Select Opportunities fund had annual returns of 93.85% (A Class) and 70.60% (A1 Class) while the Vega Feeder Fund 2X Class fund (providing a 2X leveraged investment into Vega Global) had an annual return of 148.93% (pro forma) in 2009.
In 2009, Vega focused on consolidating the firm with the incorporation of a new trading team, which consisted of Barry O’Connell, David Corney, Derek Moon and Kris Gommeren, and which independently manages the assets of the new Vega Credit Opportunities Fund. The fund started trading on September 1, 2009 and has delivered an performance of 9.41% since.
During the company’s peak in 2004, it was holding at least $12bn in assets, but its AuM sharply fell to $6.7bn in 2008 because of investor’s redemptions and losses caused by the ...................... To view our full article Click here
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