Trafalgar Capital Management (UK) LLP, the London-based hedge fund manager, has celebrated the fifth anniversary of its Trafalgar Trading Fund Inc. by expanding its investment team with the appointment of Tristan Edwards, previously with Brevan Howard Asset Management, as Portfolio Manager.
At Trafalgar Capital, Edwards will work alongside founder and Chief Executive Chris Aarons and Senior Portfolio Manager Arjuna Gamage. The pair has built an impressive track record for the Fund over the last five years, delivering compound net annual returns of 12.9% (as at 31 March 2007).
Whilst at Brevan Howard (2004-2006), Edwards headed up the execution desk and actively traded both listed and OTC products in Equities, Fixed Income, Commodities and Foreign Exchange markets. From 1999 to 2004 Edwards worked at Goldman Sachs JBWere in Australia, focusing on Australian equities. Prior to this he worked as a CPA qualified accountant at HSBC in Sydney. He began his career at the Australian Commonwealth Department of Finance and is a Certified Practicing Accountant and Chartered Financial Analyst.
The Fund, a dynamic Equity Trading strategy, looks to capture short-term market mis-pricings and inefficiencies by identifying price-moving events and information flows that may not yet have been reflected into current share prices. Trafalgar says this strategy has delivered a positive return in 53 of its 60 months since inception in 2002, whilst maintaining a volatility of 5.3% and low correlation to the MSCI World Index. Its investor base is heavily slanted towards high net worth individuals, but the firm says consistency in track record is attracting institutional investors around the globe.
Chris Aarons, Chief Executive and Senior Portfolio Manager, said: 'We have delivered consistently superior risk-adjusted returns to our investors over the last five years, underpinning the skill of the team here. Whilst the strategy has primarily focused on Europe and the UK, we are looking to take advantage of the hitherto untapped opportunities in the Australasian markets right now. The expansion of our investment team in London will give the Trafalgar Trading Fund an edge in those markets and we are excited to have Tristan on board. He has a deep understanding of that region.
'Trafalgar Capital is entering a dynamic growth phase in Australia and New Zealand, within this Fund's strategy and as a business. We recently launched the first registered hedge fund in New Zealand through our Trafalgar Copley joint venture, seeded by First New Zealand Capital. Given that the Australian investment fund market is now the fourth largest in the World - we anticipate that New Zealand will follow in its footsteps - we are looking to maximise the investment opportunities in those markets, ensuring our investors can continue to benefit from the level of returns we have been able to deliver over the last five years.'