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by Beverly Chandler, Opalesque London:

The volatile markets of recent years have given Martin Petherick of Oxeye Capital Management Limited, a man for whom volatility is meat and drink, a wonderful environment in which to practise his fund management skills.

Back in 1997, Petherick’s FTSE 100 Index Options Strategy enjoyed a run of three figure or close to returns annually with his options trading strategy. The change from then to now is that the firm has harnessed some of its elemental performance and is now achieving slightly less stratospheric returns but with less dramatic drawdowns.

The firm now has $25m in a number of managed accounts and $5m in the Oxeye Growth Fund. Both products enjoyed the highly volatile markets of 2011. The flagship managed account strategy 'OPS’ (Option Premium Strategy) returned 30.46% year to date and the fund 25.95%, with December alone showing a gain of 6.43% in the managed account and 3.54% in the fund.

"We have put everything into risk management and it’s paying off in spades" says Petherick. "This is the real reason that 2011 has been amazing for us and I think we can manage to keep producing positive absolute returns. We are doing something right and I feel comfortable with the strategies."

Petherick started life as an accountant and then moved into fund management and then derivatives broking. "I saw that derivatives were going to explode because they were so efficient and cheap and as people have shorter and short......................

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