Athos Event Driven Fund from Tycho Capital, in their August report, shared that the fund returned +3.9% during the month. This gain raised its year-to-date performance to +4.9%, according to a recent investor update.
The primary focus of the fund is on the short-dated and liquid hard catalyst events, particularly in the Asia Pacific region. Matthew Moskey and Fred Schulte Hilen founded the company in 2012. Both previously worked at large asset managers focusing on the same geographies and strategies. While the entire company has $1.7 billion in assets under management (AUM), its event-driven fund is managing $72 million.
August Commentary
Primary drivers of the strong performance during the month were positions from merger arbitrage, relative value, and equity capital markets (ECM) backgrounds. Managers pointed out that their decision to raise the exposure built into the portfolio during the market selloff proved successful. Strong M&A deals and new catalysts in several holdings also created profitable opportunities.
Also see: DG Value Navigates Volatility with Distressed Debt Strategy, Nets +2.8% in August
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