Orbita Capital Return Strategy, which is run by RBS Asset Management, is one of the industry flagships with more than a 10-year track record. The $1.78 billion fund, which was launched on 1 July 1998, was up 1.28% in March, taking the year-to-date returns to 5.36%. Fixed-income arbitrage drove returns in March, while convertible arbitrage also made a strong contribution with the market rebounding due to company buyback.
Since inception the fund has had a total compounded annual return of 65.02% and an annualised return of 4.77%. The Cayman Islands-registered fund, which has had 84% of up months,