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发帖数: 3577 | 1 http://www.valuewalk.com/2015/12/hedge-fund-returns-2015/
AAM Absolute Return Fund, the Dublin, Ireland-based $184 million global long
/ short hedge fund run by Harold James Offerhaug popped into first place
with a stunning 42.08% year to date return, besting Higher Moment Capital
Opportunities fund by nearly ten percentage points based on reporting as of
December 18. The fund, which was reported to have nearly double the assets
under management in previous years, appeared intermittently on the HSBC
platform. In 2012 AAM’s prime broker was Morgan Stanley and it had a
custodial relationship with JPMorgan as well as close ties to UBS. The fund
’s current brokerage relationship status is not public.
The roller coaster ride that is the AAM returns profile is on a high, but in
2014 investors were not enjoying the thrill as the fund finished 9th from
the bottom with a -11.15 percent return. The fund’s annualized volatility
of 10.08% and the worst drawdown of -17.90% might seem to hit many
institutional investors check box for appropriate risk, but a detailed look
at the returns profile indicates returns that come in bunches and are not
easily correlated to market environment beta. |
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