Model trading portfolio boosts Prodigal by 2.6%


The Prodigal Absolute Cayman multi-strategy fund gained 2.57% in February thanks to strong performance by the fund's model trading portfolio as well as increasingly promising opportunities developing in the risk arbitrage space, says Prodigal's Andrew Kempe.

Returns were attributed to the model trading portfolio which continued to be well diversified across pairs and countries. At the month-end the risk position of the fund was very low, with long exposure of less than 50% of strategy allocated capital, says Kempe. In risk arbitrage new deals added in the month included acquisition target companies listed in Hong Kong, Singapore, Malaysia