Camargue rides wild terrain to build platform for growth

Fri Nov 26, 2010

Ex-Soros and GLG man Benn Spiers could hardly have chosen a worse moment to start his own long/short firm than July 2008. But he survived the meltdown – and momentum is starting to build

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...

ISSN: 2151-1845 / CDC10004H

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