Resurgent Autonomy Capital clocks big gains in tepid year for macro
By Lawrence Delevingne
Tue Dec 21, 2010
Rob Gibbins is up more than 24% this year.
Few macro hedge funds have performed strongly this year
despite an uncertain economic environment that could have been
highly profitable for their broad, flexible investment
strategies. Call Autonomy Capital an exception.
Resurgent and fast growing, Autonomy’s flagship
Autonomy Global Macro Fund is up 24.39% through November, far
above the benchmark AR Macro Index return of 5.61% for the same
period. And a special $238 million share class, launched in
April 2009, is up 40.42% this year through November and
approximately 116% since inception.
This year, Autonomy had hits betting on the movement of
Brazilian, Turkish, Mexican and South African interest rates,
along with U.S. and European yield curve trades. Winning
foreign exchange bets included going long the Mexican peso,
U.K. pound, Swedish krona and various Asian currencies. And the
fund successfully shorted European currencies and credit.
Autonomy achieved those successes by anticipating the
debt-fueled problems that followed government spending
ISSN: 2151-1845 / CDC10004H
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