Hedge Funds

Fund profile: The contrarian bond strategy


August 2011 was a tough month for the alternative UCITS industry with the majority of funds reporting negative performance.

But the BayernInvest Bond Global Select Fund, which was down more than 9% that tumultuous month, still ended the year 2.5% up. The strategy, which has total assets under management of $829 million, is one of the oldest alternative UCITS funds and has so far managed to produce an absolute return every year since inception in 2005.

The investment management for the German-domiciled fund is done by Quaesta Capital and BayernInvest is the so-called KAG, or Kapitalanlagegesellschaft, which provides the