Since starting to run hedge fund money in 2000, and with
the Maga Smaller Companies strategy since 2004, Andrew Gibbs
and his colleagues have achieved impressive results
Very few hedge funds in Europe managed to call the
inflection point in equity markets quite as well as Maga
Smaller Companies, run by Otus Capital.
The Otus Capital Management team
The firm wrote to investors going into August 2007 stressing
that the bull market was over - and acted on that view by
cutting its net market exposure from over 53% to under 20% in
the space of 20 days.
Otus founder Andrew Gibbs says: "During the bull run of
2005, 2006 and the early part of 2007, we knew that prices were
high. The market tested us a number of times, but we didn't cut
and run because capital flows were strong enough to sustain the
situation. When the credit markets seized...