Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

European stock-picking fund up 19% YTD, bets on small caps’ high cash level

Tuesday, April 08, 2014

amb
Jonathan Herbert
Benedicte Gravrand, Opalesque Geneva for New Managers:

Here is a European long/short equity fund that has been beating the odds since its 2008 inception by employing its own investment model, frequent company visits and a concentrated portfolio.

Cologny Advisors LLP’s Camox Fund was launched in February 2008, returned 4.7% that year, and has annualized 21% since inception with a volatility of almost 14%. It was up 3.7% in March, 18.7% YTD and it manages $90m.

The HFRX Equity Hedge Index was down -0.37% in March, 1.24% YTD. And the HFRX Western/Pan Europe Index is up 2.68% YTD (to Feb.)

An equity long/short hedge fund that uses fundamental research and a stock-picking strategy, the Camox Fund maintains a concentrated portfolio of stocks mainly across the European region.

Cash levels that are way too high Cologny’s Camox Fund is diversified across most sectors. Some of the current longs are in Swiss Financial and Technology, Swiss and French Consumer, Cyclical; and some of the shorts are in French and Dutch Consumer, Non-cyclical.

Jonathan Herbert, who launched the fund from Cologny’s London offices and who is its Managing Partner, told Opalesque the fund is focused on mid and small caps, wit......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1