Centaurus Capital, the long-running London-based
event-driven hedge fund led by former BNP Paribas men Bernard
Oppetit and Randy Freeman, is off to a strong start with its
new International Risk Arbitrage fund, following the decision
to move from a multi-strategy to a multi-fund approach after
the problems of 2008.
Having decided to liquidate its flagship Centaurus Alpha
multi-strategy portfolio last autumn, the process is already
85% complete following the managers' decision to trigger a vote
to accelerate the return of capital to investors. Now the firm
has returned to its roots in risk arb with the launch of a
dedicated single-strategy fund.
The Centaurus International Risk Arbitrage Fund is already
up by approximately 7% since launch in...