Investment Objective
The Hadron Alpha Select Fund (the ‘Fund’) is a bottom-up, long/short multi-asset class fund with a relative value and event-driven investment style. The Fund was launched on 15 April 2010 and it follows the same investment philosophy as the existing Hadron Fund, the offshore fund launched in October 2004. The portfolio has a typical investment horizon of three to six months and is broadly diversified across sectors and countries while maintaining a Western European bias. Target returns are in the mid-teens or higher with single-digit volatility.
Latest Meeting Note
Meeting Note 13 Apr 2015
Hadron Alpha Select is a multi-asset event driven fund that focuses predominantly on European opportunities over a 3-6m timeframe. The three portfolio managers have been trading event driven situations in the Hadron Fund (offshore) since...
Hadron Alpha Select is a multi-asset event driven fund that focuses predominantly on European opportunities over a 3-6m timeframe. The three portfolio managers have been trading event driven situations in the Hadron Fund (offshore) since 2004 and have generated a strong risk adjusted track record. The main strategies employed in the fund are equity special situations, arbitrage strategies and credit opportunities (each managed by a sector specialist PM). The equity special situations book generally contains two main types of trades — value with a catalyst and relative value. The arbitrage strategies book focuses on announced M&A transactions, capital structure arbitrage and volatility trading with the aim of generating consistent returns for the fund. The final strategy in the fund is credit opportunities which is managed long and short and focuses on a range of transactions such as corporate restructurings and catalyst driven value investing. The portfolio is constructed on a bottom up basis, with the overall fund designed to contain a set of uncorrelated trades run on a broadly market neutral basis. There are three experienced portfolio managers running the trading books, with the overall blend managed by Hadron’s CIO Marco D’Attanasio.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.5 | 0.4 | 0.8 | 0.1 | 0.8 | 0.1 | 0.3 | 0.2 | 0.0 | 0.2 | 0.9 | 0.7 | 0.7 | |
| 2022 | 0.4 | 0.9 | 0.1 | 0.2 | 0.1 | 0.3 | 0.0 | 0.9 | 0.7 | 0.8 | 0.7 | 0.8 | 0.9 |
