Morning Coffee – Canadian and U.S. Comments for Wednesday January 17, 2007
Vertex (n.) – 1. the highest point of anything; apex. 2. the point of intersection of the two sides of an angle. 3. a young, budding Berkshire Hathaway or Quantum Fund?
Bloomberg rated every hedge fund under the sun relative to its style category: emerging markets, distressed, event driven, long/short equity, fixed income, and macro. In the “event-driven” category, Vancouver-based Vertex One Asset Management took top spot amongst non-U.S. names with its 24.2% annualized average three-year return. Including U.S. managers, Vertex scored third behind two firms that returned 28.4% and 26.9% (i.e. it was a tight race).
Just in case you are suspect of a lucky three-year stretch, consider Vertex’s average annual return since inception in February of 1998 is 24.09% (standard deviation of 16.77%, and 70.09% winning months). That sort of consistency is what made Warren Buffett and George Soros famous.
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- Financial Post: Vertex Fund 15-Year Return is #5 Overall
- Vertex One Feature in Canadian Business Journal
- Vertex One launches new fund
- Steadyhand Investments writes about Live From the Desk
- The Globe & Mail – Why volatility doesn’t always equal risk
- Stock Market Superstars
- Globe & Mail
- Morning Coffee
- Bloomberg – #1 Top Non-US Event Driven Fund 2006
- Bloomberg – #2 Top Non-Us Event Driven Fund 2005
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