Kite Lake Capital displays its edge with a consistent first year in event-driven
Mon Feb 27, 2012
Former Cheyne special situations manager Massi Khadjenouri and her new partners have racked up strong numbers in a poor period for event-driven strategies with their KL Special Opportunities fund
Kite Lake Capital Management, the London-based event-driven and credit/distressed investing operation founded by former Cheyne duo Massi Khadjenouri and Jan Lernout, has just passed its first anniversary after racking up a distinctively strong set of numbers in a year when many other European and global event-related players have struggled.
|The Kite Lake Capital Management team|
Over the 12 months since inception in February 2011 to the end of January this year, the firm’s KL Special Opportunities Fund has returned 9.5% during a period when the event-driven indices have been negative – and when several big names in the event-driven, credit and distressed space have suffered some significant losses.
The fund’s first full-year performance was boosted by a 4% return in January, in a month when most other hedge funds also produced decent gains on the back of a very benign and bullish global market environment.
The full contents of this article are only available to active EuroHedge subscribers and trialists.
TAKE A FREE TRIAL
To continue reading please, take a free trial, subscribe or log in to EuroHedge.
Subscribers have unlimited access to all current content, including hedge fund performance Live League Tables. Start your subscription today - click on the button below.