Long-term investment in operational integrity and a strategy that avoids taking unnecessary risks mean the Arnott Opportunities Fund has not had a losing year in its decade-long history
As Kenny Arnott contemplated setting up a hedge fund in 1999, he could not have anticipated the rough ride the markets have given the hedge funds industry in the past 12 months. However, two decisions taken at the outset have since protected the Arnott Opportunities Fund, putting the pan-Asia long/short equity fund in positive territory for 2008 and well-placed to take advantage of investment opportunities this year.
"Our ethos from the beginning was to build an investment process that would be able to make money in all environments; in the words of Warren Buffett, a strategy that has a wide moat," says Arnott. "In its 10-year history there has not been a losing year."
With that in mind the...