Performance

Audley scores huge gains with Western Coal stake, prepares to start resources-only fund

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Event-driven activist investor earns massive pay day from North American mining takeover and lines up a new resources-focused fund to invest solely in metals and mining companies

Audley Capital, the London-based activist event firm founded by Julian Treger and Michael Treichl, has made spectacular gains in its flagship event-driven fund this year thanks to a hugely profitable position in Canadian mining company Western Coal.

 
Julian Treger and Lucio Genovese


The Audley European Opportunities Fund’s US dollar share class is up 38.57% this year to the end of October as a result of big gains in the last two months – with the fund being up 29.42% in September and 10.91% in October.

But November looks like being