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.