Augustus Credit, Currency Fund Assets Double

Dec 3 2008 | 11:25am ET

Not long ago, hedge funds doubling their assets under management was a fairly regular occurrence. In today’s market, it’s big news.

Augustus Asset Managers said its JB Global Rates Hedge Fund has more than doubled in size, growing to US$308.8 million from US$134.8 million in the year through the end of October. The fixed-income and currency macro fund has returned 13.56% year-to-date.

“Current market dislocations amid rapidly slowing global economic growth are presenting some interesting fixed-income opportunities,” fund manager Adrian Owens said. He predicted that value and fundamentals will return next year as the main source of returns, rather than the market dislocations.

Augustus, the former Julius Baer Investments, manages some $12 billion in both long-only and hedge funds.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of