Bucking Trend, 3 Of 4 Old Mutual Funds Post YTD Gains

Dec 16 2011 | 11:25am ET

Old Mutual Asset Managers has generated healthy returns from three of its four hedge funds in 2011.

The hedge fund arm of Old Mutual, with $380 million AUM, saw its Global Equity Absolute Return quant fund return 11.35% in the first 11 months of 2011—a period during which the average fund was down 4.37% according to the Hedge Fund Research’s HFRI index.

Quoting a source at Old Mutual Asset Managers, HFMWeek said the fund was retooled between 2007-2009 due to “the unstable macro environment being correctly diagnosed and the fund [being] appropriately positioned.”

Old Mutual’s specialist equity and statistical arbitrage funds gained 5.06% and 5.27%, respectively.

The only fund to report a loss was the managed futures vehicle, which was down 2.09%.


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