Alken Fund Surges Past 30% YTD As Concentrated Bets On Zegona and BFF Bank Pay Off

In August, European Strategies from Alken Fund reported +1.5% gain in comparison to MSCI Europe benchmark returns of +1.1%. This monthly performance raised the fund’s year-to-date (YTD) return to +30.9%. From the fund’s inception in January 2006, it has delivered 436% gains, significantly outpacing the index with 207%.

Also see: Penta Japan Value Fund Tops HSBC Hedge Fund Rankings With 63.06% YTD Gains

Co-managed by CIO Nicolas Walewski and Marc Festa, the $705 million fund is actively managed using bottom-up research. This strategy results in a high-conviction portfolio, with the top 10 holdings accounting for 44% of invested capital. The total portfolio contains 77 holdings out of 402 that the benchmark holds.