Cheng and Penkett’s Omnix Capital logs its best month during tough month for hedge funds

June 12th, 2010
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Omnix Capital Ltd, an Asia-Pacific focused hedge fund led by Lehman Brothers veterans Stephen Cheng and Paul Penkett, saw a return of 6 percent in May. According to Bloomberg, the hedge fund’s market beating performance can partially be attributed to the firm’s aggressive net-short position over the month, which reached 50% during the month. Omnix Capital strategically held short positions in stocks and bonds in fiscally troubled regions like Australia, which positioned it well during what turned out to be the worst month for hedge funds since 2008.
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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