John London's firm had a positive August following four negative months. The firm is encouraged by increased M&A activity.SuttonBrook Capital Management has rebounded from four negative months in a row, and is now slightly down for 2010. The SuttonBrook Offshore Partners fund —a multistrategy fund that manages relative value, convertible arbitrage, special situations and merger arbitrage strategies—was up 3.27% in August, leaving it down just 67 basis points for the year.
The $900 million SuttonBrook has had a difficult year. The flagship fund was down 95 basis points in April, 37 basis points in May, 1.59% in June and 2% in July.
According to co-founder John London, one position that boosted performance in August was the