Centaurus racks up strong one-year track record with new ‘best ideas’ event vehicle
Mon Mar 26, 2012
The event-driven specialist is making good returns with a strategy that is focused on liquid investments and soft-catalyst plays in Europe, Asia and the emerging markets
Centaurus Capital, the well-established London and Hong Kong-based event-driven firm led by Randy Freeman and Bernard Oppetit, is making strong progress with its most recently launched fund offering, the best-ideas Centaurus Event Opportunities Fund (CEVO).
One year on from launching in March 2011, the fund has produced an impressive 12-month return of almost 20%, comprising a gain of 7.04% in 2011 – a year in which the EuroHedge Event Driven Index was down 1.45% in euro terms – and an 11.9% return in the first two months of 2012, comfortably outperforming the index and most of its peers.
The CEVO fund takes a relatively broad approach to event-driven investing, focusing on liquid plays and investing globally – albeit with relatively little North American exposure. As such, its mandate is less constrained than Centaurus’ three other funds, two of which are focused on risk arbitrage and the third of...
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