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%.