If success in the hedge fund industry is predicated first and foremost on survival, then the progress of former Soros and GLG man Benn Spiers’ long/short European equity operation Camargue Capital thus far should augur well for its future.
Left to right: Benn Spiers, Stephen Mitchell, Jamie MacLean and Damian Dwan
Launched in July 2008, just ahead of the worst meltdown in financial markets in living memory, Camargue has come through a true baptism of fire over its first two and a half years with considerable credit – and with momentum starting to build in terms of asset growth, performance and business development.
The firm’s Camargue Equity long/short equity trading fund is up by around 20% since inception in its US dollar share class – on low volatility and on the back of gross and net exposures that have been kept deliberately tight in the exceptionally high-vol and hazardous market...