Waterstone’s flagship fund was up 2.72% in the month of January. The fund returned 0.75% in 2011. The hedge fund had a very impressive 2008, with a positive return of 12.07%.
The firm uses various types of arbitrage using a value based approach to investing.
The market neutral fund has assets under management of over 1.5billion today.
The fund managers are catious about 2012, and believe that the market is experiencing some irrational exuberance from investors. The hedge fund is 48% hedged currently.
Top holdings below:
Top 5 Net Exposures
Credit Ratings:
HOLX (NR) long convertible bond
AMD (B+) long convertible bond
LEH (NR) long corporate bond
NT (NR) long corporate bond
MAC (NR) long convertible bond
You aren’t subscribed?
If you enjoyed this post, you can subscribe for our free content via RSS Feed, Facebook, Twitter You can unsubscribe at any time, and your information will not be sold to any third parties.
Related posts:
- MOORE EM Credit & FX Fund up 1.55% in January
- York Capital Flagship Fund Up 4% in January
- Brevan Howard Proves Master of Hedge Funds With Four in Top 100
- Aquamarine Fund Results And Letter For January 2012
- Polygon Convertible Opportunity Fund Up 11% in 2011
- Caxton International Limited Up 0.57% For January
- Long/Short Equities Fund Managers Roiled By Market Volatility
