Kenny Arnott's Arnott Opportunities Fund, an Equity Long Short fund investing primarily in Pan Asia, returned 0.34% in October, bringing YTD performance to +4.35%.
Arnott's October performance report indicated a move towards risk free arbitrage deals during the month as a method of navigating successfully through current markets. They also noted that there was a reduction in competitive activity from both other funds, and also from investment bank's proprietary desks, which have been winding leverage back from up to 50 times to a more manageable 10 to 20 times.
The Arnott Opportunity Fund has US$780m in funds under management and was established in November 2005.
