2008 was a disaster for many fundamental global equity funds. But the Farringdon team has managed to make money through the wildly differing markets of the past two years
Farringdon Capital Management has been running its Farringdon Alpha One global equity strategy for just over two years, but those years could not have been more dramatically different.
The fund opened into a heady bull market in December 2006, which continued into the first half of 2007. Then came 2008, and with it the worst recession since the 1930s. Despite those dramatic twists, Geneva-based Farringdon posted gains in both the bullish and bearish market phases - with the fund returning 15.28% in 2007 and a robust 4.87% in 2008, when the major world equity market indices plunged over 40%. And the fund is continuing its strong performance in 2009 - with a 12.33% gain through April.
These achievements are all...