Audley Capital, the London-based activist event firm founded
by Julian Treger and Michael Treichl, has made spectacular
gains in its flagship event-driven fund this year thanks to a
hugely profitable position in Canadian mining company Western
Julian Treger and Lucio Genovese
The Audley European Opportunities Fund's US dollar share class
is up 38.57% this year to the end of October as a result of big
gains in the last two months - with the fund being up 29.42% in
September and 10.91% in October.
But November looks like being better still, with the fund up
almost 80% for the year to date (as of late November) as a
result of the Western Coal bonanza.
Western Coal - in which Audley holds a 23% stake and which
was the subject of a $3.25 billion takeover offer from US-based
Walter Energy last week - is currently a...