Positive returns for Aberdeen Orbita Capital Return Strategy


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 – around 61% falls into this category –there are also smaller allocations to global macro, event-driven and credit. At the start of 2011 Aberdeen’s hedge fund