Hedge Fund Performance Snapshot For September & October

Hedge Fund Performance Snapshot For September & October

September and October Performance of AKO Capital, Omni Funds, Eclectica Fund, Glenhill Capital, and Vardero Capital is listed below:

AKO Capital invests in assets across the globe, along with a dedicated fund for European Long strategy. The total AUM of the firm are above $5.5 billion. The AKO Funds Ltd of AKO Capital was up 5 percent in Q3, whereas the returns were up by 16.9 percent in the first nine months of this year. The top five long performers were, SAP AG (NYSE:SAP) (ETR:SAP) (FRA:SAP), Experian plc (LON:EXPN), ASSA ABLOY AB (STO:ASSA-B), KONE Corporation (HEL:KNEBV), and Inditex SA (MCE:ITX). According to the FSA filings, as of November, AKO Master Fund has shorts in a number of UK companies, like Balfour Beatty plc (LON:BBY), Marks and Spencer Group Plc (LON:MKS), Pace plc (LON:PIC), and Victrex plc (LON:VCT).

Omni Funds have just above $1 billion under management. Their flagship Master fund was just up on the margin with +0.9 percent returns in October, whereas the year to date returns are 2.66 percent. The top performers in the last month were shorts on German index DAX, S&P 500 and longs on Gold. The detractors were shorts in Australian dollar and British pound.

Eclectica Fund is a UK based fund, with roots from another UK fund, Odey Asset Management. The firm assets range above $1.1 billion. The fund’s major strategy is directional macro. Eclectica was down -0.9 percent in September, and up 2.4 percent for the nine months of 2012.

Glenhill Capital’s is a long/short based hedge fund with AUM over $0.75 billion. The Glenhill funds were up 13.8 percent in the first three quarters of 2012. Over 31 percent of the fund’s assets are invested in the L/S equity strategy,  while the rest is mostly put in cash based assets.

Vardero Capital manages close to $500 million in assets as of Sep 2012. The fund’s major assets are in US credits and has a net long approach. The returns till the end of September were up 14.9 percent.




About the Author

Tabinda Hussain
Tabi covers hedge funds for ValueWalk. Although Tabi is an expert in hedge funds, her academic background is in Biology. Follow her on twitter @tabihussain