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From Precy Dumlao, Opalesque Asia:
Opalesque has learned that global alternative asset manager Vega Asset Management Holdings Ltd., ended 2010 with its four core funds posting significant gains for the second consecutive year. Vega, which has offices in London, Spain, New York, and Cayman, uses technical, quantitative, and fundamental interfaces to bring improvements in timing, asset allocation and risk management.
In his annual report to investors, Edelgard Beister, Vega Global fund director, said all four of the firm's strategies made gains without the use of leverage. Performance included the Vega Select Opportunities Fund Limited (A shares), which ended the year up 68.42% and the Vega Select Opportunities Fund Limited (A1 shares) that notched +52.97%.
Two other Vega Global's funds, the Vega Feeder Limited was up 15.15% and the Vega Global Fund Limited which added +7.68% during the same period.
Beister expressed confidence in the firm for 2011, placing his confidence in the "aggressive monetary and fiscal policies currently being implemented in most countries to limit the impact of the recent financial crisis are doing little to correct the severe macroeconomic imbalances that have built up in the world over the last two decades."
In fact, the fund manager believes that some government's economic policies are making matters worse and highlights these imbalances.
"We remain ...................... To view our full article Click here
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