Prologue profits from unique fixed-income team approach

Thu Nov 26, 2009




A rare mix of macro and relative-value analysis and trading led the firm to anticipate the crisis and trade successfully through it, at a time when many fixed-income funds faltered

From the moment they set up the London and US-based fixed income firm Prologue Capital in late 2005, co-founders David Lofthouse and Graham Walsh had a strong sense that the world would be dramatically different a couple of years down the road.


David Lofthouse

Although they could not have predicted exactly how right they would be, the firm's founders came to realise that trouble lay ahead thanks to their intense focus on proprietary macroeconomic research, risk management and liquidity. Because of this, they were able to position the fund - and the firm - accordingly.

That served the firm extraordinarily well during the wretched market conditions of last year, when its flagship Prologue Fund netted a gain of nearly 19% in 2008. It...

TAKE A FREE TRIAL

The full contents of this article are only available to active EuroHedge subscribers and trialists.

To continue reading please,
take a free trialsubscribe or log in to EuroHedge.

Subscribe

Subscribers have unlimited access to all current content, including hedge fund performance Live League Tables. Start your subscription today - click on the button below.

Subscribe now