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
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...