Fund of hedge funds manager Eddington Capital Management Limited has delivered exceptionally strong returns in the 12 months ended May 2006.
These strong returns coincide with the approach of the Eddington Triple Alpha Fund's third anniversary.
In the InvestHedge (July Edition) league tables for Global Multi Strategy funds of hedge funds:
- For USD investors, the ETAF B1 Class was 4th, out of 351 funds with a 12-month return of 27.42%
- For EUR investors, the ETAF C1 Class was 1st out of 163 funds with a 12-month return of 24.94%
- For GBP investors, the ETAF D1 Class was 2nd out of 53 funds with a 12-month return of 27.67%
'Our rigorous manager selection is delivering strong returns for our investors, despite difficult market conditions, and we believe it will continue to do so,' says Glenn Baggley, CEO of Eddington. 'The Eddington Triple Alpha Fund is approaching its third anniversary in excellent shape.'
Background notes: Eddington Capital Management Limited was established in 2003 as a specialist high return target funds of hedge funds. The flagship Eddington Triple Alpha Fund was launched on 01 September 2003, and is a diversified multi-strategy fund of hedge funds, which employs no portfolio leverage. Eddington, based in London, is a joint venture between Eddington's management (Glenn Baggley and Alex Allen) and Caledonia Investment plc, the London listed investment trust. Eddington is owned 50% by management, and 50% by Caledonia.