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Alternative Market Briefing

Event-driven hedge fund JJN Capital starts 2013 up 2.23%

Monday, February 25, 2013

Precy Dumlao, Opalesque Asia: Event-driven opportunities and special situation JJN Capital Fund, which is managed by JJN Capital Advisors started the year on a positive note with a 2.23% gain in January.

Jeffrey J. Naumowitz founded the New York-based JJN Capital Advisors in 2011 and launched the fund in January 2012. He explained its investment strategy as event driven, which means that most of its investment positions depend upon the timing of a specific corporate finance related transaction.

The HFRX Event Driven Index posted a strong gain of +3.38% during the same month, with contributions concentrated in Activist and Equity Special Situation strategies. The HFRU Event Driven Index posted a modest gain of +0.03% during the same period.

Since its inception in January 2012, the JJN fund has an annualized return of 32.4% and almost had a perfect year last year except in May when the fund posted a net loss of -0.8%. JJN Capital’s average gross and net delta-adjusted notional exposures during the month were 64% and 18%, respectively, and it......................

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