Jabre’s Tabet off to a strong start with standalone event-driven fund
Thu Jun 23, 2011
The performance of Ziad Tabet’s Jabcap Event Driven Fund has been a bright spot in a difficult few months for Philippe Jabre’s $6 billion Geneva-based firm
The JabCap Event Driven Fund, managed by long-standing
event-driven specialist Ziad Tabet and the most recent fund
roll-out from Philippe Jabre's $6 billion Geneva-based firm,
has made a very good start since launching in November.
The fund - a carve-out of Tabet's event-driven sub-portfolio
within Jabre's flagship multi-strategy offering - is
annualising at around 17.5% after seven months of trading.
Since launch it is up by around 10% and the fund is up by
almost 6% this year, despite losing just over 1% in May -
compared with a return of just 1.3% for the EuroHedge Event
Driven median to the end of May, in what has so far been a
bumpy year for many event-driven managers.
Tabet has run the event-driven component of the firm's
flagship JabCap Multi Strategy Fund since its debut in early
2007. His performance has been impressive, even before
launching the standalone...
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