2011 was a tough year for funds in the arbitrage sector and one of the few to be in positive territory over 12 months is Aberdeen Orbita Capital Return Strategy, which saw a 1.14% January return taking 12 month rolling numbers to 2.76%. Aberdeen Orbita Capital Return Strategy won the InvestHedge Arbitrage FoHF Award for 2011.
While this $1.6 billion portfolio, managed by Antonia O’Connor, has a heavy relative value tilt –...