Strong macro comeback at Burnell's Nylon


Nylon Capital, the London-based firm founded by former Barclays, Merrill and Deutsche bond trader Alan Burnell that was launched in 2005 with major backing from Barclays, has produced a striking comeback since its restructuring 18 months ago from a relative value fixed-income fund into a diversified global macro strategy.

The fund achieved a strong net return last year of 10.69%, on very low volatility of less than 4%, and is already up by almost 5.5% this year to the end of February. According to executives at the firm, the turnaround demonstrates the success of a new multi-portfolio approach that